Axio, a NYC-based supplier of SaaS cyber threat quantification options, raised a $23m Sequence B funding.
The spherical, which brings whole funding to $30m, together with a $4.5m Sequence A spherical closed in 2018, was led by ISTARI, with participation from present buyers, together with Distributed Ventures, IA Capital Group, and Bob Dudley, Axio Chairman and former CEO of BP. As a part of the Sequence B, ISTARI’s Chief Expertise Officer, Mark Malecki, and Managing Director of the Americas, Curt Dalton, will be part of the Board chaired by Bob Dudley, former CEO of BP.
The corporate intends to make use of the funds to speed up develop operations and its enterprise attain internationally, in addition to to boost its growth efforts for the Axio360 platform.
Led by Scott Kannry, CEO and Co-Founder, and David White, President and Co-Founder, Axio offers a SaaS based mostly platform, Axio360, which helps organizations centrally handle their cyber threat posture by cybersecurity assessments, threat quantification, and insurance coverage stress testing.
Since 2016, the platform has been a associate to most of the world’s main vital infrastructure, vitality, manufacturing, and monetary providers firms.