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- Axonius
Axonius Revenue, Valuation, Funding & Investors
Axonius is valued at $2.6B as of March 2024, a 26.0x multiple on its last reported $100M revenue.
Last Axonius valuation
$2.6B
Series E · Mar 2024
Last Axonius funding round
$200M
Series E · Mar 2024
Axonius revenue
$100M
Series E · Mar 2024
Key investors in Axonius
Bessemer Venture Partners
Lightspeed Venture Partners
Vertex Ventures
Western Technology Investment
YL Ventures
Emerge Ventures
About Axonius
Axonius is a New York-headquartered cybersecurity platform providing asset management, vulnerability prioritization, and policy enforcement. The system inventories devices across IT, OT, and cloud environments, integrating with over 500 security tools for 1,000 enterprise customers worldwide.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$100M (Mar 2024)
Valuation
$2.6B (Mar 2024)
Axonius Valuation
Axonius is currently valued at $2.6B, based on its Series E in March 2024.
The $200M round was led by Accel and Lightspeed Venture Partners, with participation from Stripes.
Axonius' valuation has grown 2.2x from $1.2B at its Series D in March 2021 to $2.6B in March 2024, across 4 priced rounds.
Axonius valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2024 | Series E | $2.6B | 26.0x |
| Mar 2022 | Series E | $2.6B | - |
| Mar 2021 | Secondary | $1.2B | - |
| Mar 2021 | Series D | $1.2B | 120.0x |
Axonius Revenue
Axonius' latest recorded revenue is $100M, as of its Series E in March 2024. At a $2.6B valuation, that implies a 26.0x revenue multiple.
Revenue grew from $10M in March 2021 to $100M in March 2024, while the revenue multiple moved from 120.0x to 26.0x.
Axonius revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2024 | $100M | $2.6B | 26.0x | Series E |
| Mar 2021 | $10M | $1.2B | 120.0x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Axonius Funding History
Axonius has raised a total of $595M across 7 funding rounds, plus 1 secondary share sale.
Axonius' first fundraising round was a $4M seed round in September 2017. The most recent completed round was a $200M Series E in March 2024.
Axonius funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2024 | Series E | Accel (lead); Lightspeed Venture Partners (lead); Stripes | $200M | $2.6B | Axonius is a cybersecurity company specializing in cyber asset management (CAASM) and SaaS management, providing a unified platform that offers a system of record for all digital infrastructure, including devices, users, software, SaaS applications, cloud services, and more, helping enterprises control complexity and mitigate risks. The company serves over 500 large enterprises, including Schneider Electric, News Corp, Anheuser-Busch InBev, more than a dozen Fortune 500 companies, and four of the five major U.S. Department of Defense service agencies. On March 5, 2024, Axonius secured a $200 million Series E extension round co-led by Accel and Lightspeed Venture Partners, with participation from existing investor Stripes. This extension maintains the $2.6 billion post-money valuation from prior rounds, including the original Series E in 2022 led by Accel. The funding aims to accelerate global expansion, product innovation, platform enhancements, entry into new markets, and potential M&A to expand asset coverage amid strong demand. Axonius exceeded $100 million in annual recurring revenue (ARR) in 2023, achieving this milestone as one of the fastest cyber companies on record, growing from $1 million to $100 million ARR in under five years. The company has reached 1,000 platform integrations, evolving from a single-product asset manager to a comprehensive platform managing an enterprise's entire digital footprint. Projections indicate ARR surpassing $100 million with steady growth despite IT budget constraints. Investors highlighted Axonius's impressive revenue trajectory, market leadership in cybersecurity asset management, and differentiation through comprehensive visibility into digital infrastructure. The flat valuation reflects conservative financial strategy, with no immediate plans for a new funding round, positioning Axonius for sustained scaling and potential IPO considerations. |
| Mar 2022 | Series E | Accel (lead); Alta Park Capital; ICONIQ Capital; Blue Owl Capital Corp.; Silver Lake Waterman; Bessemer Venture Partners; Lightspeed Venture Partners; DTCP; Alkeon Capital; Stripes | $200M | $2.6B | Axonius is a cybersecurity asset management and SaaS management platform that helps organizations control complexity by providing visibility into IT, security, and SaaS assets, offering over 1,000 integrations to surface risks, misconfigurations, and inefficiencies. Founded in 2017 and headquartered in New York, the company targets enterprises struggling with asset management across hybrid environments. On March 8, 2022, Axonius closed a $200 million Series E funding round led by Accel, with participation from new investors Silver Lake Waterman, Alta Park Capital, and Owl Rock (a division of Blue Owl Capital), alongside existing investors Bessemer Venture Partners, Lightspeed Venture Partners, Alkeon, Stripes, ICONIQ, and DTCP. The round valued the company at a post-money valuation of $2.6 billion, following a prior $100 million raise in 2021 that brought total funding to $395 million. Funds were earmarked for global expansion and scaling delivery of its Cyber Asset Attack Surface Management (CAASM) and SaaS management solutions. The investment highlighted Axonius's rapid growth and market leadership, with Accel partner Matt Weigand noting the company's transformation in asset management and positioning as the system of record for infrastructure. CEO Dean Sysman emphasized the firm's high Net Promoter Score (NPS) in cybersecurity and focus on customer needs since inception. The company maintained strong traction, later growing ARR from $1 million to $100 million in under five years as noted in 2024 coverage. |
| Mar 2021 | Secondary | ICONIQ Capital; DTCP; Alkeon Capital; Harmony Partners | $270M | $1.2B | Axonius is a cybersecurity asset management company providing a platform for cyber asset attack surface management (CAASM) to help organizations see and secure all assets. On March 1, 2021, Axonius raised $100 million in a Series D funding round led by Stripes, with participation from existing investors Bessemer Venture Partners, OpenView, Lightspeed, Vertex, Alkeon Capital, DTCP, Harmony Partners, and ICONIQ Growth, achieving a $1.2 billion unicorn valuation and bringing total funding to $195 million. The company had previously raised $58 million in 2020. Axonius reported triple-digit annual recurring revenue growth in 2020 and closed the first half of 2021 with 187% year-over-year ARR growth. It closed 2021 with 132% year-over-year ARR growth, marking its third consecutive year of triple-digit growth, while nearly doubling its customer base to include Fortune 500 companies and expanding globally into EMEA and APAC. Axonius grew its partner network to over 110 globally by mid-2021, with more than 80% of new ARR from channel partnerships, and doubled its staff during the pandemic to fuel rapid market growth in response to surging demand for asset visibility solutions. |
| Mar 2021 | Series D | Stripes (lead); OpenView; ICONIQ Capital; Vertex Ventures; Bessemer Venture Partners; Lightspeed Venture Partners; Western Technology Investment | $100M | $1.2B | Axonius is a cybersecurity asset management company that provides organizations with visibility into computing-based assets connecting to their networks and integrates that data with over 300 different cybersecurity and IT management tools for analysis and enforcement of security policies. The platform solves foundational problems in asset visibility and security within complex IT environments, enabling customers to discover security gaps and automatically validate and enforce security policies. On March 1, 2021, Axonius closed a $100 million Series D funding round led by growth equity firm Stripes, with participation from existing investors Bessemer Venture Partners, OpenView, Lightspeed, and Vertex, valuing the company at $1.2 billion post-money. This round followed a $58 million Series C in 2020 and brought total funding to $195 million. The company experienced exceptional growth in 2020, doubling its staff and achieving triple-digit annual recurring revenue growth, growing from $1 million ARR to $10 million ARR in less than 15 months. Axonius planned to use the funding to expand globally, continue product innovation, and scale operations to meet surging market demand for cybersecurity asset management solutions. By the time of the Series D close, the company had notable customers including AppsFlyer, Natera, Landmark Health, Schneider Electric, Manulife Financial, and the U.S. federal government, with channel partners driving more than 50 percent of new business. |
| Mar 2020 | Series C | Lightspeed Venture Partners (lead); OpenView; YL Ventures; Emerge Ventures; Bessemer Venture Partners; Vertex; Western Technology Investment | $58M | - | Axonius, a New York-based cybersecurity asset management company, raised $58 million in its Series C funding round on March 31, 2020, led by Lightspeed Venture Partners, with participation from existing investors OpenView, Bessemer Venture Partners, YL Ventures, Vertex, and WTI. This brought the company's total funding to $95 million since its 2017 founding, following a $20 million Series B in August 2019 and a $13 million Series A in February 2019. The round was completed just seven months after the Series B and nearly tripled the prior raise amount, aimed at fueling exponential growth, expanding the platform, scaling sales and marketing, and meeting market demand for asset inventory solutions that uncover security gaps and enforce policies. Axonius helps IT and security teams inventory devices and cloud workloads, identify installed software, access controls, and compliance with security policies, addressing visibility challenges in complex environments. Customers include The New York Times, Schneider Electric, Landmark Health, and AppsFlyer, with the platform covering millions of devices. The company was recognized as the Most Innovative Startup of 2019 at RSAC Innovation Sandbox, named to CNBC's 2019 Upstart 100, and one of Forbes' 20 Rising Stars on the 2019 Cloud 100 list. Later rounds included a $100 million Series D in 2021 and $200 million Series E in March 2022 at a $2.6 billion valuation led by Accel, increasing total funding to $395 million, with further extensions in 2024. |
| Aug 2019 | Series B | OpenView (lead); Vertex Ventures; YL Ventures; Emerge Ventures; Bessemer Venture Partners; Western Technology Investment | $20M | - | Axonius is a New York-based cybersecurity asset management platform that provides organizations with comprehensive asset inventory by integrating with over 135-200 security and management solutions, uncovering coverage gaps, and enforcing security policies. Founded in 2017 by Dean Sysman, Ofri Shur, and Avidor Bartov, the company addresses a fundamental challenge in asset management for security and IT teams with a solution deployable in minutes. Customers include The New York Times, Schneider Electric, Anheuser-Busch InBev, AppsFlyer, Twilio, Coupa, and Landmark Health, spanning enterprises and startups. On August 27, 2019, Axonius raised $20 million in a Series B funding round led by OpenView, with participation from Bessemer Venture Partners, Emerge Ventures, Vertex Ventures, Western Technology Investment (WTI), and YL Ventures. This marked the company's second funding round of 2019, following a $13 million Series A in February led by Bessemer with the same co-investors. The Series B funds were allocated to accelerate customer acquisition, support rapid onboarding, expedite product innovation, enhance product features, and increase market penetration amid strong demand. The round contributed to Axonius' total funding reaching $37 million by August 2019, building toward $95 million after the subsequent $58 million Series C in March 2020 led by Lightspeed Venture Partners with prior investors participating. In 2019, Axonius achieved more than 100% customer count growth and 910% record revenue growth year-over-year, expanding headcount from 35 to 90 employees, with R&D in Tel Aviv. The company earned accolades including RSA Conference’s Most Innovative Startup 2019, CNBC’s 2019 Upstart 100, and Forbes Cloud 100 Rising Star. The platform covers millions of devices globally, positioning Axonius to scale as an independent cybersecurity leader with IPO ambitions, focusing on reducing manual work for security teams. |
| Feb 2019 | Series A | Bessemer Venture Partners (lead); Vertex Ventures; YL Ventures; Emerge Ventures; Vertex Ventures Israel; Western Technology Investment | $13M | - | Axonius raised $13 million in its Series A funding round in February 2019, led by Bessemer Venture Partners, with participation from YL Ventures, Vertex Ventures, Western Technology Investment, and Emerge Ventures. The funding aimed to scale operations and expand the customer base. This round followed a $4 million seed in 2017 and preceded a $20 million Series B in August 2019 led by OpenView Venture Partners. |
| Sep 2017 | Seed | YL Ventures (lead); Vertex Ventures; Emerge Ventures; Vertex Ventures Israel | $4M | - | Axonius raised $4 million in its seed round in September 2017, led by YL Ventures with participation from Vertex Ventures, Emerge Ventures, and Ron Reiter. YL Ventures invested $3 million initially for approximately 30% stake. The funding supported initial product development and market entry for the cybersecurity asset management platform. YL Ventures maintained its stake through subsequent rounds by investing a total of $25 million before selling for $270 million during the 2021 Series D at $1.2 billion valuation. This seed investment yielded a 37-fold return for YL Ventures on their initial outlay. Axonius continued scaling, reaching later valuations of $2.6 billion in 2022 and 2024. |
Who has invested in Axonius?
18 investors have backed Axonius across its funding rounds, including Bessemer Venture Partners, Lightspeed Venture Partners, Vertex Ventures, Western Technology Investment, YL Ventures and Emerge Ventures.
Lead investors include Accel, Lightspeed Venture Partners, Stripes, OpenView, Bessemer Venture Partners and 1 other investor.
Axonius Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Feb 2019 | ||
| 4 | Participant | Sep 2017 | ||
| 4 | Lead | Sep 2017 | ||
| 4 | Participant | Sep 2017 | ||
| 4 | Lead | Mar 2020 | ||
| 4 | Participant | Feb 2019 | ||
| 3 | Lead | Aug 2019 | ||
| 3 | Participant | Mar 2021 | ||
| 3 | Lead | Mar 2021 | ||
| 2 | Participant | Sep 2017 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Lead | Mar 2022 | ||
| 2 | Participant | Mar 2021 | ||
This data is available for Pro users. Sign up to see all 18 Axonius investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Axonius
Axonius has acquired 1 company to date.
Last acquisition by Axonius was on July 25th 2025. Axonius acquired Cynerio for $250M.
Latest Acquisitions by Axonius
| Description | Cynerio is a healthcare cybersecurity platform safeguarding medical IoT, clinical, OT, and operational devices. Tampa-headquartered since 2016, its unified system includes Network Detection and Response for Healthcare via deep packet inspection, Medical Device Security with micro-segmentation and patching, and asset inventories for IT/OT/IoMT compliance. Microsoft Sentinel-integrated and MISA member, it topped 2025 KLAS Healthcare IoT Security rankings at 94/100 and earned Frost & Sullivan’s 2025 North American Enabling Technology Leadership Award. Deployments span UK NHS trusts like Barts Health and Cheshire and Merseyside. |
| HQ Country | |
| HQ City | New York City, NY |
| Deal Date | 25 Jul 2025 |
| Valuation | $250M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Axonius acquisitions and their M&A valuation multiples. Start Free Trial | |
Axonius Competitors
Axonius competitors include listed companies like Venustech Group and QiAnXin, and private ones like unico IDtech, JumpCloud, Sysdig and Transmit Security.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $2.6B | 26.0x | ||
| Private | $56M | - | $2.6B | 46.9x | ||
| Private | - | - | $2.5B | - | ||
| Private | $100M | - | $2.7B | 27.4x | ||
| Publicly listed | $349M | ($60M) | $2.5B | 6.0x | ||
| Publicly listed | $655M | ($147M) | $2.8B | 4.5x |
Axonius Public Comps
Axonius is still privately-owned, but its public comps include Venustech Group, QiAnXin, NetScout Systems, AvePoint, Cellebrite, A10 Networks, CETC Cyberspace Security, Progress Software, CloudWalk and Secunet.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $349M | ($60M) | 6.6x | 6.0x | (38.4x) | (176057.4x) | |||
| $655M | ($147M) | 4.6x | 4.5x | (20.4x) | (41.4x) | |||
| $859M | $163M | 2.6x | 2.6x | 13.9x | 9.5x | |||
| $419M | $42M | 5.9x | 5.1x | 58.4x | 27.4x | |||
| $476M | $79M | 5.4x | 4.8x | 32.3x | 17.3x | |||
| $291M | $62M | 6.3x | 5.7x | 29.4x | 19.1x | |||
| $338M | $20M | 4.5x | - | 73.6x | - | |||
| $978M | $302M | 3.0x | 2.9x | 9.6x | 7.3x | |||
This data is available for Pro users. Sign up to see all Axonius competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Axonius
| When was Axonius founded? | Axonius was founded in 2017. |
| Where is Axonius headquartered? | Axonius is headquartered in New York City, NY, United States. |
| Is Axonius publicly listed? | No, Axonius is a private, VC-backed company. |
| What is Axonius' valuation? | Axonius was last valued at $2.6B in its Series E in March 2024. |
| How much funding has Axonius raised? | Axonius has raised $595M across 7 funding rounds. |
| What was Axonius' last funding round? | Axonius' last funding round was a $200M Series E in March 2024, led by Accel and Lightspeed Venture Partners. |
| Who are Axonius' investors? | Axonius' investors include Bessemer Venture Partners, Vertex Ventures, YL Ventures, Emerge Ventures, Lightspeed Venture Partners, Western Technology Investment, OpenView, ICONIQ Capital, Stripes, Vertex Ventures Israel and 8 others. |
| What is Axonius' revenue? | Axonius' latest recorded revenue is $100M (March 2024). |
| What is Axonius' revenue multiple? | Axonius' latest valuation implies a 26.0x revenue multiple ($2.6B valuation on $100M of revenue). |
| Which companies are comparable to Axonius? | Companies comparable to Axonius include unico IDtech, JumpCloud, Sysdig, Transmit Security, Venustech Group and QiAnXin. |
| How many companies has Axonius acquired? | Axonius has acquired 1 company, including Cynerio. |
| What was the largest acquisition by Axonius? | The $250M acquisition of Cynerio in July 2025 is the largest acquisition Axonius has made to date. |
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