Axonius Co-Founders Dean Sysman, Ofri Shur, and Avidor Bartov (company pic)
Axonius, an Israeli cybersecurity startup and a unicorn that offers cybersecurity asset management and SaaS (Software as a Service) management, secured $200 million in a Series E extension funding round led by Accel and Lightspeed Venture Partners. The company crossed $100 million in annual recurring revenue in 2023 as it continues to expand its customer base, which includes more than a dozen of the Fortune 500 and global organizations such as Schneider Electric, News Corp, and Anheuser-Busch InBev. The company also supports four of the five major U.S. Department of Defense service agencies.
This is more good news for Startup Nation Israel which has been suffering for five months since the barbaric Hamas massacre of October 7, 2023.
The recent large investments in Israeli startups like Axonius have helped the country’s currency, the New Israeli Shekel, not only bounce back from a huge drop after October 7 but even reach a higher value against the world’s major currencies than it had before the attack.
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Cybersecurity asset management (CSAM) is the practice of identifying, inventorying, classifying, and managing all of an organization’s IT assets from a security perspective. It allows organizations to gain a comprehensive understanding of their attack surface and take proactive steps to mitigate security risks.
The field includes identifying and cataloging all hardware, software, and cloud assets across the organization, including traditional IT infrastructure, mobile devices, Internet of Things (IoT) devices, and operational technology (OT) systems, as well as maintaining an accurate and up-to-date record of assets, including their location, configuration, ownership, and vulnerabilities.
Axonius was founded in 2017 by co-founders CEO Dean Sysman, Ofri Shur, and Avidor Bartov, veterans of an elite intelligence unit of the Israeli Defense Force. Axonius is a cybersecurity asset management platform which gives organizations a comprehensive asset inventory, uncovers security solution coverage gaps, and automatically validates and enforces security policies.
Late last year, Axonius announced the release of Axonius 6.0, a unified platform that provides a comprehensive understanding of all assets, their relationships, and business-level context. Axonius is now the only company to offer a combined solution for Cyber Asset Attack Surface Management (CAASM), SaaS Security Posture Management (SSPM), and SaaS Management Platforms (SMP). What’s more, Axonius offers over 1,000 platform integrations, the most of any company in the space. The more integrations, the more information Axonius can surface about security gaps, risk, misconfigurations, cost inefficiencies, and more.
“Axonius has gone from zero revenue to exceeding $100 million in ARR in just 4.5 years, making us one of the fastest growing cybersecurity companies,” said Dean Sysman, CEO and Co-founder at Axonius. “IT and security teams at over 500 hundred organizations across the globe are using the Axonius Platform to manage an always-expanding sprawl of devices, users, software, SaaS applications, cloud services, and more. We provide a system of record for all their digital infrastructure so they can quickly mitigate threats, navigate risk, automate action, and inform business-level strategy.”
