Bucking the recent cybersecurity sector’s recent struggles is Axio who have just secured $23 million. The Series B round led by Temasek’s ISTARI brings its total funding to $30 million and will be used to expand the product and engineering teams as well as supporting expansion into new geographies according to CEO Scott Kannry. “Our platform allows security leaders to baseline their existing security controls, quantify their cyber exposure in dollars and stress-test their insurance coverage to understand if they are sufficiently covered. [It moves] beyond legacy and compliance-driven approaches to cybersecurity to more risk-based models that [look] at cybersecurity holistically and in the context of spending,” Kanry claimed.

Source: Tech Crunch 

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