Cybersecurity asset management startup Axonius Inc. today announced that it has raised $200 million in new funding to accelerate innovation and global expansion.

Founded in 2017, Axonius offers a cybersecurity asset management platform designed to secure and manage connected devices that any business uses. The platform allows information technology and security teams to see devices for what they are, in order to manage and secure them through a unified, extensible and open system, according to the company.

Designed to give customers the confidence to control complexity through a system of records for all digital infrastructure, the company says, the Axonius platform understands and tracks all assets, including devices, identities, software, software-as-a-service applications, vulnerabilities and security controls. It does so through understanding and tracking the context between all assets, allowing customers to mitigate threats, navigate risk and decrease incident response time while eliminating manual, repetitive tasks.

The platform integrates information from networked devices and existing device-specific standalone management services to create a single visibility and control environment, allowing information technology and security operations teams to engage device adoption and usage safely and at scale. Support includes the ability to track surface instances that don’t have security system installations and track down other types of weak points, such as known software vulnerabilities or misconfigured security settings.

Axonius says it has seen strong demand for its platform, passing $100 million in annual recurring revenue in 2023 from strong growth in its customer base, which includes more than a dozen Fortune 500 and global organizations. Notable customers include Schneider Electric SE, News Corp, Anheuser-Busch InBev SA/NV, The New York Times Co. and Cimpress plc.

“IT and security teams at over 500 organizations across the globe are using the Axonius Platform to manage an always-expanding sprawl of devices, users, software, SaaS applications, cloud services and more,” co-founder and Chief Executive Dean Sysman, said ahead of the announcement. “We provide a system of record for all their digital infrastructure so they can quickly mitigate threats, navigate risk, automate action and inform business-level strategy.”

The Series E extension funding round was led by Accel and Lightspeed Venture Partners LLC. Including the new funding, Anoxius has raised $595 million to date, including rounds of $100 million in February 2021 and $200 million in March 2022. Previous investors include Stripes Group LLC, Bessemer Venture Partners LLC, OpenView Venture Partners LLC, Vertex, Silver Lake Waterman Fund LP, Alta Park Capital LP and Owl Rock Capital Corp.

Image: Axonius