Cybersecurity Startup Axonius has raised $20M in Series B

Axonius, a cybersecurity asset management startup managed to pool in $20 million in its second round of funding this year, led by venture firm OpenView. Altogether in Series A and B, the company has secured a total of $37M in funds.

The funds are allocated towards the expansion of product lines, customer acquisition as well as into sales and marketing initiatives said Axonius CEO and co-founder Dean Sysman.

The company grew by 400% in the past eight months as the number of assets managed by its tools tipped over three million. Company holds several Fortune 500 companies in its customer portfolio including The New York Times, Schneider Electric and Landmark Health.

“We’ve found a way to solve this decades-old problem, and this funding will allow us to double down on our mission to enable our customers to take control of their assets and rest assured their environments are secure,” said Sysman, CEO.

Cybersecurity has always been a serious concern for many organizations, especially because of the geographic constraints to track and maintain their assets properly. This Tel Aviv-based cybersecurity startup provides a solution through a platform that connects over 135 security and management tools.

Axonius recently grabbed the title, 2019’s Most Innovative Startup at the RSA conference.