Axio, a NYC-based cyber risk management Software-as-a-Service company, closed a funding round of undisclosed amount.
The round was led by Fin Venture Capital, IA Capital Group, with follow on participation from NFP Ventures.
The company intends to use the funds to accelerate innovation and expansion into new industries including the financial sector through a partnership with Fin VC’s network of financial institution partners and investors.
Led by Scott Kannry, Founder and CEO, Axio provides an integrated software platform that enables ongoing visibility and actionable insights across the organization including cyber risk quantification, cybersecurity assessment, financial stress testing and prioritization. This holistic view gives enterprises an understanding of what is at risk, how to protect against risk, examines the balance sheet protections needed to backstop cyber risk, and how to optimize cyber risk management to ensure the company’s value is protected in the near and long term.