Axio, a SaaS specialist in cyber risk quantification solutions, has raises $23 million in a Series B investment round led by ISTARI, a global cybersecurity firm.
Existing investors, including Distributed Ventures, IA Capital Group, and Bob Dudley, Axio Chairman and former CEO of BP, also participated in the round which brings Axio’s total funding to $30 million, including a $4.5 million Series A round closed in 2018.
Axio will use the investment to accelerate its mission of empowering security and business leaders to discover and respond to the cyber risks that most affect their organisations.
As part of the Series B, ISTARI will appoint two additional members to Axio’s Board of Directors. ISTARI’s chief technology officer, Mark Malecki, and managing director of the Americas, Curt Dalton, will join the Board chaired by Bob Dudley, former CEO of BP.
