Axonius, a New York-based cybersecurity asset management and SaaS management company, completed $200 million in Series E extension funding.
SaaS Investors
The round was led by Accel and Lightspeed Venture Partners, with participation from existing investor Stripes.
Founded in 1983, Accel is a seed and growth-stage venture capital firm that helps a global community of entrepreneurs. The firm prefers to invest in early-stage companies operating in the cloud, software as a service (SaaS), consumer, enterprise, information technology, healthcare, fintech, security, media, and business products & services sectors. The firm has additional offices in San Francisco, London, and Bangalore.
Lightspeed Venture Partners is a venture capital firm based in Menlo Park, California. Founded in 2000, the firm has regional offices in Israel, India, China, Southeast Asia, and Europe. The firm seeks to invest in the enterprise, health, fintech, and consumer sectors.
Axonius Use of Funds
The company will use the funding to fuel further innovation and expansion as demand for the Axonius Platform.
About Axonius
Axonius is a cybersecurity asset management and SaaS management solutions provider. The company offers services that provide an inventory of assets, uncover gaps, and automate response actions whenever devices, users, and SaaS applications deviate from policies, controls, and expectations, deployed in minutes and integrated with hundreds of data sources. Axonius boasts a diverse customer base, including more than a dozen Fortune 500 companies and global organizations such as Schneider Electric, News Corp, Anheuser-Busch InBev, and support for four of the five major U.S. Department of Defense service agencies.
Funding Details
Company: Axonius, Inc.
Raised: $200.0M
Round: Series E Extension
Funding Month: March 2024
Lead Investors: Accel and Lightspeed Venture Partners
Additional Investors: Stripes
Company Website: https://www.axonius.com/
Software Category: Cybersecurity Asset and SaaS Management
Source: https://www.globenewswire.com/news-release/2024/03/05/2840396/0/en/Axonius-Announces-200-Million-Series-E-Extension-Amid-Explosive-Growth.html