Deutsche Telekom-backed DTCP was among the investors that pushed the cybersecurity management platform developer’s valuation to $2.6bn.
US-headquartered cybersecurity management software provider Axonius completed a $200m series E round yesterday featuring DTCP, the investment manager backed by telecommunications firm Deutsche Telekom, at a $2.6bn valuation.
Venture capital firm Accel led the round, which included Lightspeed Venture Partners, Bessemer Venture Partners (BVP), Silver Lake Waterman, Alta Park Capital, Owl Rock, Alkeon Capital, Iconiq Growth and Stripes. It took the company’s overall funding to $395m.
Founded in 2017, Axonius operates a cybersecurity asset management platform that lets customers catalogue their IT products, giving them greater security visibility. The cash will fund global expansion and further development of its cybersecurity asset management and software-as-a-service management products.
The company claims to have experienced a 135% increase in annual recurring revenue in 2021, its third year of triple-digit revenue growth in a row.
DTCP had joined Iconiq Growth, Alkeon Capital and Harmony Partners to buy VC firm YL Ventures’ $270m stake in…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
