Axonius is raising $ 200 million, valued at $ 2.6 billion
Exonius announced that it has raised $ 200 million, reflecting a value of $ 2.6 billion.
According to the company, raising capital will accelerate the company's global expansion and deployment of its solutions for managing cyber assets and cloud applications.
The raising, about a year after the previous round, then at a value of $ 1.2 billion
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08/03/2022
Tuesday, 08 March 2022, 12:57 Updated: 13:09
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Axonius, a leading company in the field of cyber security asset management and cloud application management (SaaS), has announced that it has completed a $ 200 million capital raising round.
The round was led by Accel and was attended by new investors Silver Lake Waterman, Alta Park Capital and Owl Rock, a division of Blue Owl that joined existing investors Bessemer Venture Partners, Lightspeed Venture Partners, Alkeon, Stripes, ICONIQ and DTCP.
The current fundraising takes place a year after raising $ 100 million in capital at a value of $ 1.2 billion.
The company's total fundraising amounted to $ 395 million at a company value of $ 2.6 billion.
Axonius was founded in June 2017 by Dean Zisman, Avidor Bartov and Ofri Shor, the three knew and collaborated in Unit 8200. It currently employs 435 employees, including 140 in the company's offices in Azrieli Towers in Tel Aviv and the rest in its offices in New York.
Following the rapid growth, the company intends to recruit 50 additional employees in the fields of development and 100 additional employees worldwide in the fields of sales and support.
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Axonius' founders, right: Avidor Bartov (Chief Architect), Dean Zisman (CEO), Ofri Schur (CTO) (Photo: Axonius)
"Exonius has changed the way companies manage and secure their assets and has solved fundamental problems for teams seeking to control the complexity of information systems and cyber systems," said
Matt Wigand, a partner at Accel
.
"Exonius has achieved exceptional growth in a short time and we believe that its deep understanding of IT and security challenges will make it the primary data management system of any organization's infrastructure."
Exonius broke into the arena in 2017 with a simple and effective approach that solved the visibility problem of complex security and IT environments that has not been solved for decades.
The rapidly growing customer base recognized the immediate value that the solution yields and Exonius has become one of the fastest growing companies in the industry.
In 2021, the company recorded an annual growth rate of 132% in recurring revenue and this was the third year in a row that it recorded a triple-digit growth rate in revenue.
In addition, it has expanded its workforce by 174% and is now commercially active in every region of the world.
During 2021 Exonius almost doubled its customer base.
Hundreds of companies from all over the world choose it to control the complexity of the environments.
The company's customers include companies in the Fortune 500 and Fortune 500 Global 500 list, some of the largest federal agencies in the US, new innovation companies and more. Among the customers are leading companies such as: AB inBev, Schneider Electric, The New York Times, Wacom, MindBody and Landmark Health "Accel
's
history as an investor in companies that redefine markets is perfectly in line with our goals and commitment to innovation," said
Dean Zisman, co-founder and CEO of Exonius
.
"From the beginning our goal has been to help customers control complexity across their organization. Our tremendous success since 2017 is a direct result of our focus on meeting their needs and that's why we achieved the highest customer retention score in the cyber security industry. I am proud to lead an outstanding team Of modern business. "
The capital raising will support the company's expansion and address the growing global demand for customers.
Axonius was a pioneer in a new category of cyber asset management on the attack surface - Cyber Asset Attack Surface Management - which was identified as a growing field entering the market in mapping Gartner's promising technologies (Hype Cycle) in the field of network security.
Axonius' innovation unit - AxoniusX - launched a solution for managing cloud applications (SaaS Management) which is the first and only platform today that combines cloud application management capabilities (SaaS Security Posture Management) and cloud application management (SaaS Management).
This solution will help security, IT, and finance teams control the complexity, costs, and risks associated with modern applications and infrastructure.
About Axonius
Axonius is a cyber security asset management platform that provides organizations with a comprehensive picture of asset inventory, exposes security gaps, validates and implements security policies.
Axonius' pioneering solution was recently recognized by Gartner as a new category in the cyber world (CAASM - Cyber Asset Attack Surface Management).
The solution, which is installed in minutes, monitors hundreds of information sources (cyber solutions from over 500 vendors) and offers full visibility of the cyber assets that allows the organization to realize the security potential inherent in its investments in the field and better defend itself.
It simplifies the complexity involved in dealing with cyberattacks, risk management, reducing the number of incidents and implementing automated responses.
Axonius is one of the fastest growing startups in cyber history that has won acclaim from CNBC, Forbes and Fortune.
In 2019, shortly after the launch of the solution, the company was crowned as the most innovative cyber security start of the RSA conference.
To the company's website: Axonius.com
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