Cybersecurity platform Axonius secures $13m in Series A

Axonius, a cybersecurity asset management company, has secured $13m in its Series A round led by Bessemer Venture Partners.

Other contributions to the funding came from previous backers including YL Ventures, Vertex, WTI and Emerge. As part of the investment, Bessemer Venture’s partner Amit Karpts will join the Axonius board of directors.

With these new funds, Axonius will look to accelerate customer growth and increase product innovations for its platform.

The Axonius Cybersecurity Asset Management platform provides companies with a singe location to view all of their assets, such as desktops, laptops, servers, cloud instances, mobile devices, and IoT on their network. The software is able to automatically detect if the devices are meeting the organisation’s security policies.

Through ongoing, automated security policy validation, companies can minimise various tasks burdening cybersecurity teams. Axonius aggregates existing data from over 100 management and security solutions to provide actionable visibility and security policy enforcement.

Axonius co-founder and CEO Dean Sysman said, “Asset management is the most fundamental requirement security teams need to enhance security operations amidst expanding threats they face daily.

“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.”

Earlier in the year, Bessemer Venture Partners led the $30m Series B funding round of smart finance and automated accounting platform ScaleFactor. The cloud software company automates accounting and bookkeeping tasks to simplify processes such as reporting, tax filings, and invoicing.


Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.