Latham Advises Axonius in US$200 Million Series E Financing

Axonius, the leader in cybersecurity asset management and SaaS management, has announced it has secured US$200 million in a Series E extension funding round led by Accel and Lightspeed Venture Partners. Existing investor Stripes also participated. This new round of funding is intended to accelerate innovation and scale across the globe as demand for the Axonius Platform continues to grow. The company crossed US$100 million in annual recurring revenue in 2023 as it continues to expand its customer base, which includes more than a dozen of the Fortune 500 and global organizations such as Schneider Electric, News Corp, and Anheuser-Busch InBev. The company also supports four of the five major US Department of Defense service agencies.

Latham & Watkins LLP represents Axonius in the transaction with a corporate deal team led by Boston partner Spencer Ricks, with associates Kristine LaVeau, Sally Gu, Jay Trewn, and Michael Pioso.