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Axio Global

Cyber risk quantification SaaS platform

Overview

Axio Global provides cyber risk management software that quantifies cybersecurity exposures in financial terms. Its flagship Axio360 SaaS platform combines cybersecurity assessments, cyber risk quantification, financial stress testing, and insurance analysis to give a financially grounded view for security leaders, executives, and boards. It supports frameworks like NIST CSF and C2M2 and can benchmark against peers, with subscriptions and white-label partnerships through consultants, MSPs, and insurance brokers. Its goal is to help organizations decide where to invest—into technical controls or cyber insurance—by aligning security programs with financial risk and enabling resource prioritization.

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About Axio Global

Simplify's Rating
Why Axio Global is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareCybersecurityFinancial Services

Company Size

51-200

Company Stage

Series B

Total Funding

$26.8M

Headquarters

New York City, New York

Founded

2013

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Simplify's take

What believers are saying

  • New strategic advisors Edna Conway, Loraine Phillips, and Cody Scott strengthen credibility on September 15, 2026.
  • Axio's 2026 product cadence shows execution: CISO D&O coverage, Dragos, then AIR.
  • Rising EU AI Act penalties make board-level dollarized AI risk a timely buying trigger.

What critics are saying

  • CRQ remains niche; Gartner recognition never guarantees durable enterprise software adoption.
  • Insurance-broker distribution concentrates sales power with partners like Unison, Lockton, and Nasdaq NCBE.
  • If AI risk tooling commoditizes, Axio loses differentiation and faces category shrinkage by 2027.

What makes Axio Global unique

  • Axio360 converts cyber and AI risk into dollars for boards, regulators, and insurers.
  • Unison Risk Advisors partnership expands distribution into brokerage channels on July 14, 2026.
  • Axio AIR, launched August 13, 2026, extends CRQ into agentic AI governance.

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Funding

Total Funding

$26.8M

Below

Industry Average

Funded Over

3 Rounds

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

$35M
$30M
$45M
$65M
$100M

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Flexible Work Hours
  • Hybrid Work Options
  • Unlimited Paid Time Off

Growth & Insights and Company News

6 month growth

2%

1 year growth

-1%

2 year growth

3%
Axio
Sep 14th, 2026
Axio welcomes New Strategic Advisors.

Axio welcomes New Strategic Advisors. Published by Axio NEW YORK, NY - September 15, 2026 - Axio, a leader in cyber and AI risk quantification (CRQ), today welcomes three cyber and risk industry leaders as strategic advisors to the company: Edna Conway, Loraine Phillips, and Cody Scott. The backgrounds and leadership experiences of Edna, Loraine, and Cody align uniquely with Axio's core value and goal of helping organizations within cyber and risk ecosystems better understand and become resilient in the face of all aspects of cyber and AI risk. Together they bring perspectives that reinforce Axio's edge across security leadership, business operations and CRQ expertise. Edna Conway: As CEO of EMC Advisors, Edna provides strategic counsel to CEOs, boards, and global governments. A Nonresident Scholar at the Carnegie Endowment for International Peace, she also serves as an appointee to the US Information Security & Privacy Board and chairs U.S. government working groups on cutting edge technology, security, and risk. Her operating executive experience spans serving as Microsoft's VP, Chief Security & Risk Officer for its intelligent cloud business, Cisco's Chief Security Officer for its Global Value Chain, a partner in an international private legal practice and Assistant Attorney General for the State of New Hampshire. A widely recognized authority on innovation, growth, strategy, and relationship-building, she has influenced security frameworks and international standards, U.S. governing bodies and intelligence agencies, NATO, and NASA. Her insights are regularly featured in leading publications, including Forbes, Fortune, Bloomberg, CIO Magazine and the Wall Street Journal and she has been called to address US Presidential Commissions, NATO, the Hague, and the United Nations. Loraine Phillips is an Independent Board Advisor and Non-Executive Director with more than 35 years of international C-suite, board and senior leadership experience across energy, chemicals and complex global value chains. At ExxonMobil, she held major European and global roles including President, Chemicals Europe and Global Cyber Resiliency Director, leading the development and governance of cyber resilience across the corporation. She subsequently served as COO of a global mid-sized trading and supply business headquartered in Singapore. She has chaired industry councils and made high-stakes board and executive decisions involving complex operational, geopolitical, and digital risks. Today, she advises boards and leadership teams on resilience, digital risk, and transformation. Cody Scott is Workiva's Industry Principal for GRC in North America, bringing extensive domain expertise as a practitioner and advisor on GRC technologies, programs, and strategies. Before joining Workiva, Cody served as a Senior Industry Analyst at Forrester, advising Fortune 500 executives and leading global research on GRC, digital risk management, AI governance, and cyber risk quantification. As a practitioner, Cody served as the first Chief Cybersecurity Risk Officer of the National Aeronautics and Space Administration (NASA). Prior to the civil service, Cody worked as a consultant supporting enterprise technology programs across NASA, the U.S. Department of Homeland Security, and the Transportation Security Administration. "I'm truly honored to welcome Edna, Loraine, and Cody to the Axio family as Strategic Advisors. Each brings a unique and powerful perspective that will help Axio accelerate on its journey," says Scott Kannry, co-founder and CEO of Axio. "With Edna, it's respect that is second to none in the security community and a practitioner's perspective on the challenges faced by security and risk leaders every day. With Cody, it's the deepest knowledge in the industry when it comes to the CRQ category and how to help the discipline achieve the promise that has eluded it thus far. With Loraine, it's a business operator's perspective, especially one centered on resilience for infrastructure industries that need to up their game with respect to cyber and digital risk as quickly as possible." About Axio Axio provides SaaS-based risk management software designed to help security leaders evaluate security programs, quantify risk, and support investment decisions. Since 2013, the company has worked with organizations across critical infrastructure, manufacturing, and financial services sectors. Axio360 is a risk management platform that aligns security leaders, business leaders, executives, and boards of directors around common benchmarks, performance metrics, and a shared understanding of key business risks.

Associated Press
Aug 13th, 2026
Axio launches AIR platform to quantify AI risk in financial terms for boards and regulators

Axio, a cyber risk quantification firm, has launched Axio AIR, a platform that quantifies AI and agentic risk in financial terms. The tool extends Axio's established risk quantification methodology to AI systems, modelling risk at the model, system and portfolio level in dollars. The launch addresses a growing gap in AI governance. Roughly 90% of enterprises have deployed AI, yet few have formal risk programmes. Meanwhile, the EU AI Act carries penalties of up to €35 million or 7% of global revenue for high-risk violations. Axio AIR models AI risk scenarios, maps exposure to specific systems and business processes, and generates prioritised remediation activities aligned to frameworks including NIST and MITRE ATLAS. The platform is available as a standalone solution or integrated for existing Axio360 clients.

Axio
Aug 12th, 2026
Axio launches Axio AIR, bringing financial quantification to AI and agentic risk.

Axio launches Axio AIR, bringing financial quantification to AI and agentic risk. Published by Axio New capability extends Axio360's trusted cyber risk quantification methodology to AI, giving boards, regulators, and insurers a dollarized view of AI exposure, NEW YORK, NY - August 13, 2026 - Axio, a leader in cyber risk quantification (CRQ), today announced the launch of Axio AIR, a new AI risk capability built on the Axio360 platform. Axio AIR quantifies AI and agentic risk in business terms, giving organizations a single, board-ready view of their AI exposure and a prioritized, framework-mapped path to reduce it. The launch comes as AI adoption is sharply outpacing organizations' ability to govern it. Roughly 90% of enterprises have now deployed AI in some form, yet few have formal AI risk programs in place. Regulatory pressure is mounting alongside adoption: the EU AI Act's high-risk obligations, moving forward under the Digital Omnibus agreement, carry penalties of up to €35 million or 7% of global revenue. At the same time, boards are asking harder questions about AI exposure, and insurers are tightening underwriting standards around it. "AI adoption has outpaced every organization's ability to govern it responsibly," said Scott Kannry, CEO of Axio. "Boards don't just want to know that an AI policy exists - they want to know what their exposure actually costs them. Axio AIR gives them that answer, in the same financial language we've used to help organizations manage cyber risk for more than a decade. This isn't a new category for us. It's the natural extension of a discipline our clients already trust." Axio AIR extends Axio360's established risk quantification methodology to AI and agentic systems rather than introducing a new tool or workflow. Using a purpose-built scenario research engine and AI-specific loss exceedance curves, it models AI risk at the model, system, and portfolio level, in dollars. A modeled scenario for prompt injection against a customer-facing LLM, for example, might surface $4.2 million in annual loss exposure, with a 95th-percentile exposure of $11.8 million - giving risk and compliance teams a concrete number to act on rather than a qualitative score. The platform works in three steps. Organizations first model their AI and agentic risk scenarios and quantify exposure in dollars, using the same methodology Axio360 applies to cyber risk. Axio AIR then maps that exposure to the specific AI systems, use cases, and business processes driving it, so teams know exactly where risk concentrates. Finally, it generates prioritized remediation activities for each scenario, mapped to the NIST AI Risk Management Framework, MITRE ATLAS, the CSA RiskRubric, and COSO's GenAI control principles. Axio AIR also builds in incident readiness and reporting support, including 2/10/15-day reporting readiness aligned to the EU AI Act's Article 73, AI-specific tabletop exercises, incident runbooks, and regulator-ready timeline reconstruction. Because its output is expressed in the same financial terms Axio360 already uses for cyber risk, AI exposure can be reported alongside cyber risk in a single executive narrative, and can feed directly into cyber insurance underwriting and renewal cycles. "We built Axio AIR the same way we built Axio360 - around the belief that risk isn't real to an organization until it's expressed in dollars," said Nicole Sundin, Chief Product Officer of Axio. "Every AI system an organization deploys introduces exposure that's hard to see and even harder to prioritize. Axio AIR gives risk and compliance teams a way to quantify that exposure, map it to the frameworks their regulators and auditors already expect, and act on it in minutes instead of months. Giving CISOs the information they need to say 'yes' to AI innovation." Traditional AI risk assessments typically require weeks of workshops and consulting engagements. Axio AIR is designed to surface a quantified risk view and a governance-ready remediation plan, with the specific financial impact of each scenario, in minutes. Axio AIR is built for risk and security leaders who need a defensible, board-ready view of AI exposure, for compliance and governance teams prioritizing AI control investments, and for existing Axio360 clients extending their risk program to cover AI. It is available as a standalone solution and integrates natively for existing Axio360 clients. Axio AIR is also available to risk advisory and insurance partners through native MCP (Model Context Protocol) availability, allowing it to plug directly into the tools and workflows those practices already run. Axio AIR draws on Axio's existing depth in critical-infrastructure sectors, including energy, financial services, and public sector organizations - among those most exposed to AI regulations. Axio AIR is generally available starting August 13, 2026. Organizations can request a demo at axio.com/demo-now.

The Gibson Edge
Jul 23rd, 2026
Unison Risk Advisors partners with Axio to expand access to digital risks insights.

Unison Risk Advisors partners with Axio to expand access to digital risks insights. Jul 23, 2026 10:26:49 AM CLEVELAND, July 14, 2026 - Unison Risk Advisors(TM)(Unison), one of the nation's largest independently-owned insurance brokerage and risk management firms, announced a partnership with Axio, a SaaS provider of digital risk quantification solutions. Through this partnership, Unison clients will be able to access Axio's digital risk insights to gain greater visibility into cyber and technology-related risks and support more informed insurance and risk management decisions. Clients also will have access to preferred pricing for certain Axio capabilities. Organizations continue to navigate an increasingly complex digital risk environment shaped by operational technology exposures, supply chain dependencies and artificial intelligence. Understanding and managing these risks in a way that supports effective decision-making and risk transfer strategies often requires more advanced modeling capabilities than have traditionally been available. "After evaluating solutions across the marketplace, it became clear that Axio would be a strong fit for our clients," said Lacy Rex, Cyber Risk Solutions National Practice Leader at Unison Risk Advisors. "Their approach to digital risk quantification provides valuable insights that can help organizations better understand and communicate cyber risk. This is particularly meaningful for industries like manufacturing, energy and healthcare, where risk environments tend to be highly complex." "Insurance brokers are becoming an increasingly important part of our business, and working with a firm of Unison's caliber reflects that trend," said Scott Kannry, Co-Founder and CEO of Axio. "Unison's employee-owned culture and strong client relationships align well with our approach to helping organizations better understand digital risk. The industries they serve further highlight the value of integrating risk quantification into conversations about insurance and risk management." About Unison Risk Advisors Established in 2020 through the merger of Oswald Companies and RCM&D, Unison Risk Advisors(TM) is a privately held, majority employee-owned insurance brokerage and risk management firm. Unison includes seven partner companies and their subsidiaries: Oswald Companies, RCM&D, NSI Insurance Group, Enders Insurance, Avondale Insurance Associates, Hatcher Insurance and Gibson Insurance Agency, Inc. Unison ranks among the 40 largest insurance brokerages in the United States and among the five largest independently owned firms. The organization has more than 1,400 employees serving business and individual clients across all 50 states and in more than 85 countries. About Axio Axio provides SaaS-based risk management software designed to help security leaders evaluate security programs, quantify risk and support investment decisions. Since 2013, the company has worked with organizations across critical infrastructure, manufacturing and financial services sectors. Axio360 is a risk management platform designed to align security leaders, business leaders, executives and boards of directors around common benchmarks, performance metrics and a shared understanding of key business risks. Learn more at www.axio.com. Unison Risk Advisors(TM) is a platform of independent firms delivering risk management and insurance brokerage solutions to clients worldwide.

Yahoo Finance
May 19th, 2026
Axio offers CISO D&O coverage to eligible customers amid rising liability concerns

Axio, a cyber risk quantification provider, has announced CISO Directors and Officers coverage for eligible customers, arranged through Aegis Executive Risks in partnership with Lloyds of London underwriters. The offering addresses growing concerns amongst Chief Information Security Officers about personal legal exposure following significant cybersecurity incidents. The coverage will be available to eligible organisations with an active Axio360 subscription, subject to underwriting approval. Requirements include periodic reporting of top cyber risk scenarios to executive teams or boards of directors. The policy covers CISOs and specified direct reports. Axio co-founder Scott Kannry said CISOs are increasingly concerned about legal liability despite their efforts to protect organisations. The announcement comes amid uncertainty about whether CISOs are adequately covered under blanket corporate D&O policies.

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