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Axonius Inc. raised $200M in a Series E extension led by Accel and Lightspeed Venture Partners to accelerate innovation and global expansion.

Mar 05, 2024over 1 year ago

Amount Raised

$200 Million

Round Type

series e

New YorkInformation TechnologySoftware

Investors

StripesLightspeed Venture PartnersAccel

Description

Axonius announced a $200-million Series E extension funding round led by Accel and Lightspeed Venture Partners, with participation from existing investor Stripes. The funding is intended to accelerate innovation and scale across the globe as demand for the Axonius Platform continues to grow. The company also achieved significant growth, surpassing $100 million in annual recurring revenue in 2023 and serving a diverse customer base, including Fortune 500 companies and global organizations.

Company Information

Company

Axonius

Location

41 Madison Avenue, 37th Floor

New York, New York, United States

About

Axonius gives customers the confidence to control complexity by mitigating threats, navigating risk, automating response actions, and informing business-level strategy. With solutions for both cyber asset attack surface management (CAASM) and SaaS management, Axonius is deployed in minutes and integrates with hundreds of data sources to provide a comprehensive asset inventory, uncover gaps, and automatically validate and enforce policies. Cited as one of the fastest-growing cybersecurity startups, with accolades from CNBC, Forbes, and Fortune, Axonius covers millions of assets, including devices and cloud assets, user accounts, and SaaS applications, for customers around the world.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech