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Axonius Raises $13 Million Series A

Bessemer leads round to help cybersecurity asset management leader accelerate growth and product innovation; Amit Karp joins board of directors

New York – February 12, 2019 – Cybersecurity asset management company Axonius today announced that it has raised $13 million in Series A funding. Bessemer Venture Partners led the round with participation from existing investors YL Ventures, Vertex, WTI and Emerge. The company will use the new funding to accelerate customer growth and expedite product innovations for the Axonius Cybersecurity Asset Management Platform. 

The Axonius Cybersecurity Asset Management Platform is the only solution that creates a single point of view into every asset – including desktops, laptops, servers, cloud instances, mobile devices, IoT and more – on a company’s network, and automatically detects if those assets fit within an organization’s security policies. By enabling ongoing, automated security policy validation and decreasing time, money and resources spent gathering critical information, Axonius eliminates onerous cybersecurity asset management tasks for organizations while increasing the overall value and efficiency of cybersecurity investments.

Unlike IT asset management or visibility tools, unified endpoint managers, NAC or CMDB, the Axonius platform does not require the deployment of an agent and can be deployed in less than an hour.

“Asset management is the most fundamental requirement security teams need to enhance security operations amidst expanding threats they face daily,” said Dean Sysman, co-founder and CEO, Axonius. “A security team’s job is already difficult enough, yet they’re still spending time trying to figure out what assets and devices actually exist on their networks and if they adhere to their company’s security policies. This investment enables us to advance Axonius’ technology and help enterprises to confidently manage and secure all known and unknown devices on their network.”

Axonius also announced the addition of Amit Karp, partner at Bessemer Venture Partners, to its board of directors. 

“The market demands a cybersecurity asset management solution that makes it easy for security teams to gain visibility and control over the assets and devices exploding onto networks and to ensure their adherence to security policy,” said Karp. “This widespread challenge has been ignored for far too long because of the inherent complexities around it. Axonius is addressing this issue head on with an easy to use, comprehensive solution. We’re excited to support Axonius’ mission as it continues to scale its business and help companies solve this important challenge.”

By aggregating existing data from more than 100 management and security solutions such as SIEMS, agents, network switches and more, the Axonius cybersecurity asset management platform provides actionable visibility and security policy enforcement for all assets and users.

“With all the different solutions and devices that didn’t exist a decade ago, driven by BYOD, IoT and cloud, it’s no wonder organizations still struggle with cybersecurity asset management despite spending millions of dollars on sophisticated solutions,” said Yoav Leitersdorf, Managing Partner of YL Ventures and lead investor in Axonius’ seed round. “Axonius is filling this vital gap in the market with a solution that gives clear visibility into which devices pose threats to organizations and the automated capabilities to fix them.” 

To learn more on how Axonius is providing organizations with an always up-to-date inventory and automated policy validation on all assets, users and devices, please visit www.axonius.com/cybersecurity-asset-management.

Meet with Axonius at the RSA Conference 2019 (Marriott Early Stage Expo booth #27) where the company will participate as one of the top 10 finalists in the Innovation Sandbox ‘Most Innovative Startup’ Contest taking place on March 4, 2019 at the Marriott Marquis in San Francisco. 

About Axonius

Axonius is the only cybersecurity asset management platform providing actionable visibility and security policy enforcement for all assets and users by aggregating existing business data from 100+ management and security solutions. Axonius manages and secures millions of assets for a wide range of public and private companies, including The New York Times, AppsFlyer, Natera and more. For more information, visit Axonius at www.axonius.com, or connect on TwitterFacebook and LinkedIn

 

###

 

Media contact

Chrissy Azevedo for Axonius

E: [email protected]

P: 617.986.5037

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