Axio Global, Inc.

Axio Global, Inc. is a cyber risk management firm that delivers quantification solutions through its flagship Axio360 platform, enabling organizations to assess and improve their cybersecurity posture effectively. Founded in 2016 in New York, US, Axio Global, Inc. specializes in cyber risk management solutions.

The company has completed four deals, with its most recent funding round being a Series B in August 2022, led by Istari Global. The founders, Artem Lebsak and David White, have focused on enhancing the operational capabilities of Axio, which remains an independent entity. Axio specializes in cyber risk management and quantification solutions through its flagship platform, Axio360. This platform allows organizations to evaluate their risk and compliance posture using established industry frameworks, such as NIST CSF and C2M2, and supports financial institutions in measuring and reporting cybersecurity programs via the exclusive CRI Profile.

Axio360 enables users to calculate the financial impact of potential cyber incidents and equips them with the necessary tools to build a robust cybersecurity roadmap, ensuring financial preparedness for incidents. The platform serves a diverse clientele, including cybersecurity leaders and compliance officers across industries such as finance and technology, and is marketed globally, particularly in North America and Europe. Axio generates revenue primarily through subscription-based models and service engagements, granting clients access to the Axio360 platform and cybersecurity assessments. Clients can choose from a range of services, including expert consultations, online training courses, and hands-on labs that provide a deeper understanding of cyber risk quantification.

Partnerships with organizations seeking to enhance their cybersecurity posture also contribute to the company's revenue streams. Although specific pricing plans are proprietary, transactions commonly involve client subscriptions to the Axio360 platform or consulting services tailored to their cybersecurity objectives. In August 2022, Axio Global, Inc. raised USD 23 mn in Series B funding led by Istari Global, with participation from IA Capital Group and NFP Ventures.

The funding will be utilized for the development of the Axio360 platform and to expand operations internationally. The company is likely to target new markets in Europe and Asia, aiming to enhance its global reach and impact in the cybersecurity sector.