Axio

Axio is a cyber risk quantification startup that provides the Axio360 platform to detect, quantify, and manage the cyber risk posture of an organization through cybersecurity assessments, risk quantification, and insurance stress testing.

As of August 2022, Axio expected to double its employee headcount of 35 by the end of 2022.

Key customers and partnerships

As of August 2022, Axio served over 350 companies in the energy, manufacturing, financial services, utilities, and critical infrastructure sectors. Notable customers include three of the 10 largest North American utilities providers, two of the five largest North American oil and gas providers, and three trade associations representing the majority of the North American energy grid.

Funding and financials

In August 2022, the company raised USD 23 million in a Series B funding round led by ISTARI. The funds were utilized to enhance its Axio360 platform with built-in threat intel feeds, drive its international footprint across key geographies, and expand its product and engineering team development.