NEW YORK--(BUSINESS WIRE)--Axonius, the cybersecurity asset management company, today reported that soaring worldwide customer demand drove a 215% increase in year-over-year annual recurring revenue, with more than half of all new business coming from channel partners.
REVENUE AND MARKET EXPANSION
In 2020, Axonius doubled its customer count, amassing Fortune 500, Global 500, and emerging innovators in industries ranging from finance and retail to healthcare, pharmaceuticals, aerospace, software, and public sector agencies. Hundreds of brands trust Axonius to see and secure all assets, earning Axonius a 4.9 rating (out of 5) on Gartner Peer Insights.
“If 2020 taught us anything, it’s that change is constant, and the rate of change is accelerating," said Dean Sysman, co-founder and CEO at Axonius. “Time is now the number one enemy of IT and security. It takes countless hours to manually collect data about devices, users, and cloud instances to ensure adherence to security policies and security controls only to have it instantly outdated. All industries face challenges to keep up with their infrastructure both operationally and from a security perspective. Axonius automates the critical fundamentals, streamlining asset management, and finding and fixing coverage gaps with little to no human intervention.”
As part of its long-term growth strategy, Axonius invested heavily in the channel in 2020, naming Mark Daggett as its vice president of channels and alliances, and announcing the launch of its Correlated Partner Program. In less than a year, the program signed nearly 70 worldwide partners with more than 50% of new business being conducted through the channel. Axonius also added dedicated engineering and marketing support in both the U.S. and EMEA.
FEDERAL GOVERNMENT DEMAND
To capitalize on rapid demand due to increased focus on IT and cybersecurity modernization in federal agencies, Axonius named Robert McLernon to lead its federal division. Axonius was also added to the Department of Homeland Security’s Continuous Diagnostics and Mitigation Program Approved Products List and received the Cryptographic Algorithm Validation Program certification, and was added to NASA’s Solutions for Enterprise-Wide Procurement.
In 2020, Axonius invested in significant product enhancements resulting in 14 product releases and adding 138 adapters, expanding its lead in the market with more than 300 integrations with security and management solutions. In February, Axonius launched Cloud Asset Compliance, which provides customers visibility into how their public cloud instances adhere to or deviate from industry benchmarks like the CIS Foundations Benchmarks for Amazon Web Services, Microsoft Azure, and Oracle Cloud.
ADDITIONAL COMPANY MILESTONES
Additional company milestones in 2020 included:
- Employee Growth – Axonius more than doubled its employee count, expanding in the U.S., Israel, and the UK.
- Expanded Investment – Axonius announced $58 million in Series C funding led by Lightspeed Venture Partners with participation from existing investors OpenView, Bessemer Venture Partners, YL Ventures, Vertex, and WTI. To date, Axonius has raised $95 million.
- Industry Recognition – The company was named a Gartner Cool Vendor in Security Operations and Threat Intelligence, a CRN Emerging Vendor, a SINET 16 Innovator, the 2020 CISO Choice Award for Governance Risk and Compliance, the 2020 Cybersecurity Insiders Best Cybersecurity Startup in North America (between 50 and 99 employees), and the 2020 Globes Top 10 Most Promising Startups of 2020. Axonius co-founder and CEO Dean Sysman was also named 2020 Tech Trailblazers Male CxO Trailblazer of the Year, and one of the 2020 Ynet 10 Most Influential Israelis in America
- Giving Back – In support of its commitment to giving back, Axonius launched its Axonius for Good program, expanding its partnerships with organizations like the International Consortium of Minority Cybersecurity Professionals.
Axonius is the cybersecurity asset management platform that gives organizations a comprehensive asset inventory, uncovers security solution coverage gaps, and automatically validates and enforces security policies. By seamlessly integrating with over 300 security and management solutions, Axonius is deployed in minutes, improving cyber hygiene immediately. Covering millions of devices at customers like The New York Times, Schneider Electric, AB InBev, Landmark Health, AppsFlyer, and many more, Axonius was named the Most Innovative Startup of 2019 at the prestigious RSAC Innovation Sandbox, was named to the CNBC 2019 Upstart 100 list, and was one of the 20 Rising Stars on the Forbes 2019 Cloud 100 list. For more, visit Axonius.com.