Axonius Raises $13 Million Series A to Help Enterprises Automate Cybersecurity Asset Management and Security Policy Enforcement

Bessemer leads round to help cybersecurity asset management leader
accelerate growth and product innovation; Amit Karp joins board of
directors

NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/cybersecurity?src=hash” target=”_blank”gt;#cybersecuritylt;/agt;–Cybersecurity asset management company Axonius
today announced that it has raised $13 million in Series A funding.
Bessemer Venture Partners led the round with participation from existing
investors YL Ventures, Vertex, WTI and Emerge. The company will use the
new funding to accelerate customer growth and expedite product
innovations for the Axonius Cybersecurity Asset Management Platform.

The Axonius
Cybersecurity Asset Management Platform
is the only solution that
creates a single point of view into every asset – including desktops,
laptops, servers, cloud instances, mobile devices, IoT and more – on a
company’s network, and automatically detects if those assets fit within
an organization’s security policies. By enabling ongoing, automated
security policy validation and decreasing time, money and resources
spent gathering critical information, Axonius eliminates onerous
cybersecurity asset management tasks for organizations while increasing
the overall value and efficiency of cybersecurity investments.

Unlike IT asset management or visibility tools, unified endpoint
managers, NAC or CMDB, the Axonius platform does not require the
deployment of an agent and can be deployed in less than an hour.

“Asset management is the most fundamental requirement security teams
need to enhance security operations amidst expanding threats they face
daily,” said Dean Sysman, co-founder and CEO, Axonius. “A security
team’s job is already difficult enough, yet they’re still spending time
trying to figure out what assets and devices actually exist on their
networks and if they adhere to their company’s security policies. This
investment enables us to advance Axonius’ technology and help
enterprises to confidently manage and secure all known and unknown
devices on their network.”

Axonius also announced the addition of Amit Karp, partner at Bessemer
Venture Partners, to its board of directors.

“The market demands a cybersecurity asset management solution that makes
it easy for security teams to gain visibility and control over the
assets and devices exploding onto networks and to ensure their adherence
to security policy,” said Karp. “This widespread challenge has been
ignored for far too long because of the inherent complexities around it.
Axonius is addressing this issue head on with an easy to use,
comprehensive solution. We’re excited to support Axonius’ mission as it
continues to scale its business and help companies solve this important
challenge.”

By aggregating existing data from more than 100 management and security
solutions such as SIEMS, agents, network switches and more, the Axonius
cybersecurity asset management platform provides actionable visibility
and security policy enforcement for all assets and users.

“With all the different solutions and devices that didn’t exist a decade
ago, driven by BYOD, IoT and cloud, it’s no wonder organizations still
struggle with cybersecurity asset management despite spending millions
of dollars on sophisticated solutions,” said Yoav Leitersdorf, Managing
Partner of YL Ventures and lead investor in Axonius’ seed round.
“Axonius is filling this vital gap in the market with a solution that
gives clear visibility into which devices pose threats to organizations
and the automated capabilities to fix them.”

To learn more on how Axonius is providing organizations with an always
up-to-date inventory and automated policy validation on all assets,
users and devices, please visit www.axonius.com/cybersecurity-asset-management.

Meet with Axonius at the RSA
Conference 2019
(Marriott Early Stage Expo booth #27) where the
company will participate as one of the top 10 finalists in the
Innovation Sandbox ‘Most Innovative Startup’ Contest taking place on
March 4, 2019 at the Marriott Marquis in San Francisco.

About Axonius
Axonius is the only cybersecurity asset
management platform providing actionable visibility and security policy
enforcement for all assets and users by aggregating existing business
data from 100+ management and security solutions. Axonius manages and
secures millions of assets for a wide range of public and private
companies, including The New York Times, AppsFlyer, Natera and more. For
more information, visit Axonius at www.axonius.com,
or connect on Twitter,
Facebook
and LinkedIn.

Contacts

Chrissy Azevedo for Axonius
E: axonius@famapr.com
P:
617.986.5037

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