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Axonius Announces $100 million Fund for Protecting IoT Devices

In order to scale up its IoT platform growth globally, a cybersecurity startup, Axonius has announced $100 million in series D funding led by Stripes, valuing the company at over $1 billion post-money.

IOTAxonius’ agentless solution streamlines asset management and spotlights coverage gaps by automatically validating and enforcing security policies. It connects with existing software and networking gear to build an inventory of assets that spans cloud and on-premises environments, whether the devices are managed or unmanaged.

Axonius supports one-off and ongoing queries that help illustrate how assets relate to security policies, and it packs in trigger functionality that enables the programming of rules that kick off enforcement responses like software installs and device scans. Its cybersecurity capabilities are further bolstered by support for third-party apps and services. Axonius integrates with over 200 platforms, including Active Directory and cloud instances like Amazon, as well as endpoint protection tools, NAC solutions, mobile device management, VA scanners, and more.

For instance, the company’s recently launched Cloud Asset Compliance service leverages data from public cloud providers such as Amazon Web Services, Microsoft Azure, and Google Cloud to automatically determine how cloud workload, configuration details, and accounts comply with industry security benchmarks. One of those is CIS Benchmarks, a set of continuously verified best practices for securing systems and data against attack.


Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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