Cyber unicorn Axonius cuts more than 10% of staff amid restructuring
Roughly 100 employees laid off as the $2.6 billion company tightens operations.
Cybersecurity unicorn Axonius is laying off more than 10% of its workforce. The company informed employees on Wednesday that approximately 100 of its 900 staff members are being let go.
Full list of Israeli high-tech layoffs in 2025
Founded in 2017 in New York by Dean Sysman, Ofri Shur, and Avidor Bartov, all alumni of the IDF’s elite cyber units, Axonius provides a platform for managing and securing all devices connected to corporate networks. Its technology offers organizations a comprehensive asset inventory, identifies gaps in security coverage, and automates the enforcement of security policies.
Since its founding, Axonius has raised around $595 million across six funding rounds. Its most recent valuation, estimated at $2.6 billion, came in a round led by Accelmed with participation from Silver Lake.
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In 2023, the company surpassed $100 million in annual recurring revenue (ARR), with a customer base that includes major corporations such as News Corp., Schneider Electric, and leading U.S. defense contractors.
Earlier this year, Axonius acquired Cynerio, a healthcare IoT cybersecurity and asset management startup, in an all-Israeli deal valued at $180 million.
