Cyber Risk Management Leader Axio Closes Investment from Fin Venture Capital, IA Capital Group and NFP Ventures
Summary
The Axio360 platform was launched in May 2018 and since that time, has become the trusted cyber risk management operating system for nearly a thousand organizations, many within critical infrastructure thanks to Axio’s partnerships with various industry trade associations. “With cybersecurity threats continually increasing and budget sensitivity at all-time highs, enterprises need a platform that enables all key stakeholders to understand cyber risk in a quantified view to validate and optimize their financial and technical controls to best protect their business,” said Scott Kannry, Founder and CEO of Axio. “We are thrilled to expand into new sectors and look forward to our developing a partnership with Fin VC’s network.” Axio’s integrated software enables ongoing visibility and actionable insights across the organization including cyber risk quantification, cybersecurity assessment, financial stress testing and prioritization. Their success in the energy space has already started to translate into the financial services vertical and we see them becoming the dominant platform helping protect the industry and its customers,” said Logan Allin, Managing General Partner at Fin VC. The Axio360 platform empowers security leaders, senior executives, and boards of directors to define their maturity and exposure, make the best investment decisions, and ensure stability for any cyber scenario they may encounter.
Funding
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