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Cybersecurity Startup Axonius Raises $58 Million

Cybersecurity Startup Axonius Raises $58 Million

Axonius offers a cybersecurity asset management service that integrates information from connected devices such as desktop computers, laptops, mobile devices, and IoT devices, enabling IT and security operations teams to manage and secure them at scale

Meir Orbach  | 16:00  31.03.2020
Axonius co-founders Avidor Bartov (left), Dean Sysman, and Ofri Shur. Photo: Avishai Finkelstein Axonius co-founders Avidor Bartov (left), Dean Sysman, and Ofri Shur. Photo: Avishai Finkelstein Axonius co-founders Avidor Bartov (left), Dean Sysman, and Ofri Shur. Photo: Avishai Finkelstein

Tel Aviv-based cybersecurity startup Axonius Inc. has raised a $58 million funding round, the company announced Tuesday. The round was led by Lightspeed Venture Partners, with participation from existing investors Bessemer Venture Partners, YL Ventures, Western Technology Investment, Boston-based OpenView Venture Partners, and Israel-based venture capital firms Vertex Ventures and Emerge.

The company intends to use the funds to double its team, Axonius co-founder and CEO Dean Sysman said in a Tuesday interview with Calcalist. The company currently employs a team of 83 people in offices in Tel Aviv and New York, Sysman said.

The company began raising the round before the coronavirus (Covid-19) pandemic, but it officially closed last week, Sysman said. The current situation did not affect the valuation of the round, he added.

Founded in 2017, Axonius offers a cybersecurity asset management service that integrates information from connected devices such as desktop computers, laptops, mobile devices, and IoT devices, enabling IT and security operations teams to manage and secure them at scale.

Axonius has raised $95 million to date. Its customers include The New York Times and marketing analytics company AppsFlyer Ltd.
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