NYC just gained another tech unicorn: Axonius, a cybersecurity asset management startup.
The company announced Monday it closed on a $100 million Series D round led by Stripes, bringing its total valuation to $1.2 billion. The fresh funding will be used to scale Axonius globally, fuel product innovation and continue its rapid market growth spurred by the pandemic. The company is also hiring, with dozens of remote-friendly tech positions available now.
The last time Built In NYC caught up with Axonius was when it raised a $58 million Series C last March, right when the novel coronavirus was becoming a concern in the United States. At the time, the company was coming off a year of rapid growth, and was looking to solve a “big, nagging problem that has been around for decades,” according to CEO and co-founder Dean Sysman.
“When you think of cybersecurity products, you think of things like AI and deception, cutting edge and cool technologies that are really exciting,” Sysman told Built In at the time. “Not exactly words you’d use to describe asset management, but we’re seeing huge success helping customers solve the most basic problems that they need to solve before they can prioritize the more exciting problems in cybersecurity.”
These days, this service is even more important now that remote work is the norm. By integrating more than 300 security and management tools, Axonius gives businesses up-to-date and comprehensive asset inventory, allowing them to track any devices connected to their network and discover any security gaps.
Bessemer Venture Partners, an existing investor who also participated in this latest Series D, says Axonius is among the fastest growing companies in the VC’s history. Indeed, Axonius says it achieved triple-digit annual recurring revenue growth in 2020, and doubled its headcount too.
Looking ahead, Stripes founder and partner Ken Fox thinks Axonius will continue this trajectory, and will remain a key player in the cybersecurity space going forward.
“It’s always exciting to invest in fast-growing, innovative, category-creating companies, but what Axonius has accomplished in such a short time is remarkable,” Fox, who is joining the company’s board of directors, said in a statement. “Axonius has built one of the most beloved products in security. We look forward to partnering with the Axonius team as they continue to invest in technical innovation and to meet global demand in 2021 and beyond.”
