Accel and Lightspeed Venture Partners led this remarkable amount, with Stripes contributing as an existing investment.

Fundamentally, Axonius focuses on offering a single platform that makes managing a wide range of digital assets easier. This covers everything, including software, SaaS apps, cloud services, devices, and users.

The company's cutting-edge methodology provides clients with an all-inclusive system of record for all digital infrastructure, facilitating quick threat mitigation, risk navigation, action automation, and strategic business insights. Axonius has established itself as an essential partner for IT and security teams across the globe, serving Fortune 500 firms as well as major international corporations such as News Corp, Schneider Electric, and Anheuser-Busch InBev.

The recently obtained funds will be used to expand operations worldwide and speed up innovation in response to the growing demand for the Axonius Platform. This calculated action follows the company's 2023 annual recurring revenue milestone of over $100 million, which is evidence of its quick market adoption and superior customer value.

Apart from its impressive financial performance, Axonius has made noteworthy advancements in its product development. By providing an integrated solution for Cyber Asset Attack Surface Management (CAASM), SaaS Security Posture Management (SSPM), and SaaS Management Platforms (SMP), the release of Axonius 6.0, a unified platform, has set a new industry benchmark. With over 1,000 platform integrations and this improvement, Axonius holds a unique position in the cybersecurity asset management market, offering unparalleled insights into security flaws, risk, misconfigurations, and other issues.

Dean Sysman, the CEO and co-founder of Axonius, commented, "Axonius has gone from zero revenue to exceeding $100 million in ARR in just 4.5 years, making us one of the fastest growing cybersecurity companies," adding to the company's praises.

"The Axonius Platform is used by IT and security teams at more than 500 hundred enterprises worldwide to manage an ever-growing sprawl of devices, users, software, SaaS apps, cloud services, and more. For all of their digital infrastructure, we offer a system of record, enabling them to swiftly identify and eliminate risks, automate processes, and guide business-level planning. The reason for Axonius's remarkable adoption is not only our ability to assist clients manage complexity, but also the fact that they adore the product and have awarded us the greatest net promoter score of any cybersecurity or IT provider in history.