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Cybersecurity Asset Management Funding: Axonius Raises $58 Million

Axonius, a cybersecurity asset management solutions provider, has raised $58 million in Series C funding led by venture capital firm Lightspeed Venture Partners. The Series C round increases Axonius' total funding to date to $95 million and comes after the company in August added $20 million in Series B financing.

The Series C financing is expected to help Axonius scale its growth and expand its cybersecurity asset management platform offerings, the company noted. It also could help Axonius capitalize on rising demand for asset management solutions globally.

Axonius provides the Axonius Cybersecurity Asset Management Platform, which enables organizations to automatically enforce security policies across assets and users, the company said. The platform integrates with roughly 200 security and management solutions to help organizations discover assets and retrieve contextual information about each asset.

In addition, the Axonius Cybersecurity Asset Management Platform empowers organizations to use queries to understand how each asset relates to their security policies, the company indicated. The platform also helps organizations decide which actions to take when assets do not adhere to their security policies.

Axonius Adds to Its Leadership Team

Along with its Series C financing round, Axonius recently has made several additions to its leadership team.

Axonius in February appointed Mark Daggett as its VP of channels and alliances. Daggett previously served as director of global distribution at BlackBerry Cylance.

Also, Axonius in February named Bobby McLernon as its VP of federal sales. McLernon is expected to help promote the Axonius Cybersecurity Asset Management Platform to federal agencies so they can comply with asset management mandates, the company stated.

Dan Kobialka

Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.