According to IBM’s Data Breach Report 2021, the average cost of a data breach is $4.24M. As businesses become more reliant on remote work and as employees use more devices (the average employee now uses 2.3 devices), the potential liability increases each day. Axonius’ cybersecurity asset management platform gives enterprises a full inventory of their assets and ensures that these devices are properly being secured across all locations. The platform takes a holistic approach by integrating into existing cybersecurity tools and workflows and ensuring that all devices being used (whether physical or virtual) are compliant with the company’s security protocols. Axonius has also launched a specialized SaaS Management product that addresses the added risk companies face from the use of various modern software applications that are increasingly becoming a part of the enterprise tech stack. Companies like The New York Times, MindBody, Schneider Electric, and AB InBev are all customers and revenue grew 132% YOY in 2021. AlleyWatch caught up with Axonius CEO and Cofounder Dean Sysman to learn more about how the company is solving the fragmentation of IT that leads to security vulnerabilities, the company's strategic plans, latest round of funding, which brings the total funding raised to $395M, and much, much more...

6 new deals, $280M+ in funding during a busy day. The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 3/8/2022 featuring funding details for Axonius, Hopscotch, and much more.

2021 was a record year for the cybersecurity industry in terms of mergers and acquisitions, as well as funding activity, according to financial advisory firm Momentum Cyber.

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Axonius, a cybersecurity startup focused on the IoT sector, has raised $100 million at a $1 billion valuation.Read More Source: https://venturebeat.com/2021/02/28/axonius-raises-100-million-to-protect-iot-devices-from-cyberattack/

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