Overview

Axio Global provides software solutions for managing cybersecurity risks through its platform, Axio360. This platform helps security leaders assess and improve their security programs while translating risks into financial terms. Axio360 serves as a centralized resource that aligns security teams, business executives, and Board members, ensuring everyone has access to the same information regarding critical corporate risks. Unlike other cybersecurity management tools, Axio360 focuses on creating a unified understanding of risks across different levels of an organization. The goal of Axio is to enhance visibility and support informed decision-making regarding cybersecurity investments and priorities.

Simplify's Take

What believers are saying

• Increased demand for cyber risk tools due to rising cyber threats.
• Growing interest in cyber insurance boosts demand for Axio's solutions.
• Expansion of insurance partnerships enhances comprehensive cyber risk management.

What critics are saying

• Emerging startups in cyber risk quantification threaten Axio's market share.
• Over-reliance on partnerships like Lockton and Nasdaq may expose vulnerabilities.
• Rapid cyber threat evolution may outpace Axio's current technological capabilities.

What makes Axio Global unique

• Axio partners with Nasdaq to enhance board-level cybersecurity governance.
• Recognized as a Leader in The Forrester Wave for Cyber Risk Quantification.
• Unveiled a cyber-physical attack quantifier at Lloyd's Lab demo day.

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Funding

Total Funding

$26.8M

Below

Industry Average

Funded Over

3 Rounds

$23,000,000

Series B

Aug 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$23M

$30M

$45M

$65M

$100M

View all funding stages