Axonius, a leader in cybersecurity asset management and SaaS management, announced it closed $200 million in Series E funding, led by Accel, with participation from investors Silver Lake Waterman, Alta Park Capital and Owl Rock, a division of Blue Owl, and existing investors Bessemer Venture Partners, Lightspeed Venture Partners, Alkeon, Stripes, ICONIQ, and DTCP. The investment follows a 2021 round of $100 million, increasing total funding to $395 million, with a valuation of $2.6 billion.
“Axonius has transformed the way companies manage and secure their assets, solving foundational problems for teams struggling to control complexity,” said Matt Weigand, partner at Accel. “Axonius has achieved tremendous growth in such a short time, and we believe that their deep understanding of IT and security challenges have positioned them to be the system of record for all infrastructure.”
Axonius exploded onto the scene in 2017 with a simple, effective approach to solving the problem of asset visibility and security in complex IT environments. Providing value recognized by a growing customer base, the company became one of the industry’s fastest-growing. Continuing its growth trajectory, Axonius closed 2021 with a 132 percent year-over-year increase in annual recurring revenue, marking its third consecutive year of triple-digit revenue growth. It also expanded its team by 174 percent, and it now has representation in every region in the world.
The funding will support efforts in scaling to meet global customer demand. Axonius was a pioneer in the cyber asset attack surface management category. And recently, the company’s innovation unit, AxoniusX, launched SaaS Management, a platform that combines SaaS security posture management with SaaS management to help security, IT, finance and risk teams control the complexity, cost and risk associated with modern apps and infrastructure.