After $100M Series D with unicorn valuation, the company’s explosive growth continues with a 200% YoY increase in ARR during Q1
NEW YORK--(BUSINESS WIRE)--Axonius, the leader in cybersecurity asset management, today announced that Jerry Raphael has joined the executive team as chief financial officer. Bringing more than 20 years of experience in financial leadership and global operations, he is responsible for growing and scaling the company’s global finance organization on its drive toward an initial public offering (IPO).
Raphael is passionate about building strong teams that help support and drive rapid company growth. Most recently, as the CFO for Stack Overflow, Raphael facilitated multiple funding rounds, led the team through international expansion and brought the company to profitability. He has also held leadership roles at Vibrant Media and WWE, and spent 10 years at Grant Thornton advising companies around SEC protocols as they took their companies public.
Raphael joins Axonius at a point of massive growth and scale. The company reported it closed 2020 with a triple-digit increase in annual recurring revenue. And after its recent Series D funding round of $100 million with a $1.2 billion unicorn valuation, Axonius has already experienced a 200% year-over-year increase in ARR in the first quarter of 2021.
“Jerry has already been an integral player in our financial success. In his first weeks in the role, he helped to close our recent funding round, which brought us to unicorn status,” said Dean Sysman, co-founder and CEO, Axonius. “His extensive experience and financial leadership will be instrumental as we build out our growth strategy for global expansion and IPO.”
Raphael said it was the company’s culture of excellence and the simplicity and efficacy of the product that drew him to the role. Axonius is solving a decades-old problem—cybersecurity asset management. The platform integrates with more than 315 vendor products to ingest, consolidate, normalize, and rationalize asset management inventories across products. This provides an always up-to-date asset inventory so that cybersecurity teams can proactively discover and mitigate security risks that could otherwise be exploited.
“Asset management is a persistent challenge faced by every company, and the move to remote and hybrid work environments has only exacerbated it. The simplicity with which the Axonius Cybersecurity Asset Management Platform solves this problem resonates with companies around the globe, and this is driving wide-scale adoption,” said Raphael. “As noted by our investor Bessemer Ventures, we are one of the fastest growing companies in their portfolio history. The opportunity to lay the groundwork for rapid international expansion and to help scale for continued exponential growth is incredibly exciting.”
Visit the Axonius website to learn how the company is solving cybersecurity asset management challenges for companies of all sizes and across industries.
About Axonius
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 Fortune 500 customers like The New York Times, Schneider Electric, and AB InBev, and earning prestigious accolades from CNBC and Forbes in recent years, Axonius has been cited as one of the fastest growing cybersecurity startups in history. For more, visit Axonius.com.
