Axonius Secures \(200M Funding at \)2.6B Valuation to Expand Cyber Asset Management
Key Highlights
- $200M extension round co-led by Lightspeed and Accel
- Flat valuation maintained at $2.6B
- $100M+ ARR achieved with 500+ enterprise customers
- Focus on cybersecurity asset management and market expansion
Funding Details
Axonius, a leader in cyber asset management, has raised an additional \(200 million in an extension of its Series E round. The investment, co-led by **Lightspeed Venture Partners** and **Accel**, keeps the company's valuation steady at **\)2.6 billion**—unchanged from its 2022 funding.
This latest injection of capital follows Axonius’ rapid growth, with the company now tracking $100M+ in annual recurring revenue (ARR) and serving major clients like Schneider Electric, News Corp, and Anheuser-Busch InBev.
Why an Extension Round?
While Axonius could have pursued a Series F, CEO Dean Sysman emphasized a long-term strategy over valuation optimization:
“We optimize for what’s best for the company in the long-term. Given the size of our addressable market, we’re playing the long game.”
The Growing Need for Cyber Asset Management
In today’s complex IT environments, attack surface visibility is critical. Enterprises grapple with:
- Hybrid cloud infrastructure
- IoT and edge devices
- Microservices and containerization
- Legacy systems
Axonius provides near real-time snapshots of network assets, helping organizations detect vulnerabilities and respond proactively. While not all data sources update instantaneously, the platform integrates on-premises, cloud, and third-party tools for comprehensive coverage.
Competitive Edge in Cybersecurity
Unlike compe*****s focused on software spend tracking (e.g., Xensam) or SaaS expense management (e.g., Vertice), Axonius specializes in cybersecurity-first asset management. Its platform:
- Identifies all connected assets
- Detects configuration changes
- Recommends security actions
Investor Confidence
Arsham Memarzadeh, Partner at Lightspeed, highlighted Axonius’ trajectory:
“They’re one of the fastest cybersecurity companies to hit $100M ARR, with 1,000+ platform integrations. From asset management to controlling entire digital footprints, they’re becoming a must-have for IT and security teams.”
What’s Next?
Axonius plans to:
- Enhance platform capabilities
- Expand into new markets
- Strengthen integrations for broader enterprise coverage
With cyber threats escalating, Axonius’ focus on asset intelligence positions it as a critical player in modern security strategies.
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