Asset management corporation Axonius announced Monday that it would filter a portion of $100 million lifted in Sequence D funding to broaden globally.
This later infusion of funds comes right after Axonius doubled its staff all through the pandemic and accomplished triple-digit yearly profits development in 2020. It follows a 2020 investment of $58 million, increasing complete funding to $195 million and a greater than $1 billion valuation.
“I normally say that time is the enemy of cybersecurity, and the price and tempo of modify indicate that IT and security groups can no lengthier afford to pay for to spend time manually compiling information about devices, buyers, and cloud circumstances for matters like incident response, audits, and compliance,” stated Dean Sysman, co-founder and CEO at Axonius. “We’re fully commited to fixing a authentic problem to allow our prospects concentrate on what is crucial.”
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Sysman explained by integrating with additional than 300 security and management solutions, security teams can deploy Axonius in minutes. The organization aims to give customers a credible, often up-to-date, and complete asset stock to explore security gaps and immediately validate and enforce security policies.
The investment team was headed up by Stripes, a leading New York-based progress equity business, as properly as participation from current traders Bessemer Enterprise Partners, OpenView, Lightspeed, and Vertex. Ken Fox, founder and husband or wife at Stripes, will be a part of the Axonius board of administrators.
Some components of this report are sourced from:
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