Axonius, leader in cybersecurity asset management and SaaS management, today announced that it closed $US200 million in Series E funding, led by Accel. This investment follows a 2021 round of $US100 million, increasing total funding to $US395 million, with a valuation of $US2.6 billion.
“Axonius has transformed the way companies manage and secure their assets, solving foundational problems for teams struggling to control complexity,” said Matt Weigand, partner at Accel. “Axonius has achieved tremendous growth in such a short time, and we believe that their deep understanding of IT and security challenges have positioned them to be the system of record for all infrastructure.”
Axonius exploded onto the scene in 2017 with a simple, effective approach to solving a decades-old problem of asset visibility and security in complex IT environments. Providing immediate value recognised by a rapidly growing customer base, the company quickly became one of the industry’s fastest-growing.
Continuing its rapid-growth trajectory, Axonius closed 2021 with a significant 132% year-over-year increase in annual recurring revenue, marking its third consecutive year of triple-digit revenue growth. It also expanded its team by 174%, and it now has representation in every region worldwide.
In 2021, Axonius nearly doubled its customer base. Hundreds of companies from around the world choose Axonius to help them control complexity within their environments. The company counts Fortune 500, Global 500, some of the largest federal agencies, and emerging innovators among its customer base, including many global leaders, such as AB InBev, Schneider Electric, The New York Times, Wacom, MindBody, and Landmark Health.