Axonius Completes its Second Funding Round of 2019

Axonius, a New York-based Cybersecurity asset management startup, has completed its new financing round. The Series B funding helped it to raise $20 million.

The latest financing marks the second funding round for the startup in 2019. In February, it raised $ 13 million in a Series A funding.

The Series B funding was led by OpenView, a Venture Capital firm. YL Ventures, WTI, Vertex, Emerge, and Bessemer Venture Partners were the other contributors of the funding round.

Dean Sysman, co-founder and chief executive of Axonius shared some information with Tech Crunch. He spoke about the company’s approach towards asset management and how the fresh capital would be used.

The company will focus on expanding its sales and marketing teams, including product development with the help of the new fundings. In regard to the asset management, Mr. Sysman said – “You can’t secure what you don’t know about”.

Recently, Axonius won a contest held during the leading cybersecurity conference RSA. Further, the company’s customer roster included big names such as The New York Times, ThermoFisher, Schneider Electric, AppsFlyer, and Landmark Health including a handful of clients in the Fortune 500 brands.

According to the company, following the new funding round, OpenView partner Mackey Craven; will join the board of directors. It serves companies specialized in enterprise infrastructure and cloud computing.