Gartner defines CAASM as “an emerging technology focused on enabling security teams to solve persistent asset visibility and vulnerability challenges. It enables organizations to see all assets (both internal and external) through API integrations with existing tools, query against the consolidated data, identify the scope of vulnerabilities and gaps in security controls, and remediate issues.”
According to the report, drivers include the need for full visibility into assets, quicker and more accurate audit compliance reporting, improved security posture, and consolidated asset views for multiple teams across an organization. CAASM is on the rise and early in the Hype Cycle, with only 1% market penetration.
Axonius was the first to take a simple yet comprehensive approach to solving the growing challenge of asset visibility in complex IT environments. Its Cybersecurity Asset Management platform connects to nearly 350 security and technology products to provide an always up-to-date, unified view of all assets, empowering organizations to uncover security solution coverage gaps and then automatically validate and enforce their security policies. Axonius eliminates the manual work IT and security teams spend on basic asset management, saving organizationsan average of 86 person-hours of labormany times per year.
Since emerging from stealth in 2017, Axonius has skyrocketed to a $1.2B valuation with$195M in funding. After doubling its staff during the pandemic and achieving triple-digit annual recurring revenue growth in 2020, Axonius continues its rapid-growth trajectory, expanding globally and maintaining its commitment to product innovation.
“The introduction of CAASM as a category validates what we’ve heard from customers and underscores the massive demand that has driven our explosive growth,” said Dean Sysman, co-founder and CEO, Axonius. “Companies of all sizes and across all industries face the same growing problem—despite having a host of tools and tech, the increasing complexity of IT environments makes it impossible to account for all assets with manual processes alone. Our mission is to continue solving this pervasive problem and reducing manual work so security and IT teams can focus on what’s important.”
Gartner, Hype Cycle for Network Security, 2021, Shipli Handa, Pete Shoard, 14 July 2021
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Axonius is the cybersecurity asset management platform that gives organizations a comprehensive asset inventory, uncovers security solution coverage gaps, and automatically validates and enforces security policies. By seamlessly integrating with hundreds of security and management solutions, Axonius is deployed in minutes, improving cyber hygiene immediately. Covering millions of devices at Fortune 500 customers like The New York Times, Schneider Electric, and AB InBev, and earning prestigious accolades from CNBC and Forbes in recent years, Axonius has been cited as one of the fastest growing cybersecurity startups in history. For more, visitAxonius.com.