Axonius, a cybersecurity asset administration startup, raises $20M in Collection B

Cybersecurity asset administration startup Axonius has raised $20 million in its second spherical of funding this yr.

Enterprise capital agency OpenView led the Collection B, becoming a member of present buyers in bringing $37 million so far following the startup’s $13 million Collection A in February.

The safety startup, based in 2017, helps firms maintain monitor of their enterprise property, resembling what number of clouds, computer systems and units are on their community. The logic goes that if you understand what you could have — together with units plugged into your community by workers or company — you’ll be able to maintain monitor and uncover holes in your enterprise safety. That perception permits enterprises to implement safety insurance policies to maintain the remainder of the community secure — like putting in endpoint safety software program, or blocking units from connecting to the community altogether.

Axonius’ co-founder and chief govt Dean Sysman stated the corporate takes a unique strategy to asset administration.

“You may’t safe what you don’t find out about,” he advised TechCrunch. “Virtually every part you’re doing in safety depends on a basis of realizing your property and the way they stack up in opposition to your safety insurance policies. When you get that basis taken care of, every part else you do will profit,” he stated.

As a substitute, Axonius integrates with over 100 present safety and administration options to construct up an in depth image of a whole group.

Clearly it’s a technique that’s paying off.

The corporate already has big-name purchasers like The New York Instances and Schneider Electrical, in addition to a handful of shoppers within the Fortune 500.

Sysman stated the majority of the funding will go in direction of the growth of its gross sales and advertising groups but in addition the continued enchancment and growth of its product. “We’re hitting the fuel and persevering with to deliver our answer to as many organizations out there as we will,” he stated.

Axonius stated OpenView accomplice Mackey Craven, who focuses on cloud computing and enterprise infrastructure firms, will be part of the board of administrators following the fundraise.


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