Focus: Cybersecurity asset management
Funding: $195 million
Axonius offers technology designed to let organizations inventory their assets, gain context on any device, identify gaps in security coverage, and automatically enforce policies on assets that don't adhere to enterprise security policies. Analysts have long considered such capabilities essential to good cybersecurity. But the growing complexity of IT networks and the widely distributed nature of enterprise assets — especially since the COVID-19 pandemic forced a shift to remote work — has heightened the need for cybersecurity asset management
Though it operates in a field that is by no means new, Axonius has managed to attract considerable investor attention. In March the company announced a $100 million Series D funding round at a unicorn valuation of more than $1 billion. That round was preceded by another investment of $58 million from multiple investors. Axonius has so far raised close to $200 million via multiple funding rounds.
Gartner last year put Axonius in its list of "cool vendors" in the security operations space for its innovative approach to helping organizations address cybersecurity asset management challenges. The technology is deployed as a virtual appliance in the cloud or on-premises and requires no agents to do asset discovery
"It integrates with over 270 vendor products to ingest, consolidate, normalize, and rationalize asset management inventories across products," Gartner said. "Axonius provides dashboard reports and Boolean-based query tools to help information security teams assess security coverage."