Axio
Cyber risk quantification SaaS platform
Website: https://axio.com
Cover Block
| Name | Axio |
| Tagline | Cyber risk quantification SaaS platform |
| Headquarters | New York, United States |
| Founded | 2016 |
| Stage | Series B |
| Business Model | SaaS |
| Industry | Security |
| Technology | Software (Non-AI) |
| Geography | North America |
| Growth Profile | Venture Scale |
| Funding Label | $10M+ (total disclosed ~$24.4M) [ZoomInfo] |
Links
- Website: https://axio.com/
- LinkedIn: https://www.linkedin.com/company/axio-global-inc/
- X / Twitter: https://twitter.com/axio360
The Short Version
Axio is a New York-based SaaS platform that converts cybersecurity risks into financial metrics [Axio, 2025][BuiltIn]. The company’s core product, Axio360, serves as a source of truth for cyber readiness, bridging the communication gap between technical security teams and executive leadership [axio.com]. Founded in 2016, the company originated from a conversation between founders Scott Kannry and David White [BuiltIn][Kellogg School of Management, 2024].
Its differentiation is rooted in financial quantification and a partner ecosystem, earning it a position as a Leader in a Forrester evaluation of the cyber risk quantification market [Axio, 2025]. The business model is subscription-based SaaS, targeting large enterprises in critical infrastructure, energy, and financial services, with total disclosed funding reported at approximately $24.4 million [ZoomInfo].
Data Accuracy: YELLOW -- Core product claims and Forrester recognition are company-sourced; funding total is from a single database; founding story is corroborated by one secondary source.
Taxonomy Snapshot
| Axis | Classification |
|---|---|
| Stage | Series B |
| Business Model | SaaS |
| Industry / Vertical | Security |
| Technology Type | Software (Non-AI) |
| Geography | North America |
| Growth Profile | Venture Scale |
| Funding | $10M+ (total disclosed ~$24,440,000) |
The Company in Brief
Axio was founded in 2016, emerging from a conversation between its founders about the disconnect between cybersecurity teams and business executives [Kellogg School of Management, 2024]. The company is headquartered in New York City and operates as a SaaS platform focused on quantifying cyber risk in financial terms [Axio]. The company has raised capital across multiple rounds, with a total disclosed amount of approximately $24.4 million [ZoomInfo]. In June 2023, the company reported customer momentum and the appointment of industry veterans to its leadership team [BusinessWire, 2023]. Axio was recognized as a Leader in The Forrester Wave™: Cyber Risk Quantification Solutions report for Q2 2025 [Axio, 2025].
Data Accuracy: YELLOW -- Founding year and headquarters are confirmed. Funding total is from a single database. Recent Forrester recognition is company-sourced.
What They Have Built
Axio’s core offering is a SaaS platform called Axio360, which is positioned as a source of truth for cyber risk management [Axio]. The platform’s primary function is to quantify cyber risks in financial terms, translating technical security data into dollar-based risk exposure [Axio] [BuiltIn].
The platform integrates multiple assessment frameworks and control libraries, allowing for the management of complex, multi-assessment environments [Axio].
Partner Ecosystem
A notable aspect of the product strategy is a strong emphasis on partnerships. Axio has collaborated with the Cyentia Institute to enhance its data-driven risk quantification models [Axio]. The company’s inclusion in the Forrester Wave report for Cyber Risk Quantification in 2025 highlighted its partner ecosystem and adoption support as strengths [Axio, 2025].
Target Workflows
The product is tailored for high-stakes workflows in regulated sectors. Use cases include streamlining compliance assessments for financial institutions through a partnership with the Cyber Risk Institute and identifying mission-essential functions impacted by a cyber event [Axio].
Data Accuracy: YELLOW -- Core product claims are sourced from the company website and a secondary profile. The Forrester recognition is a public, third-party validation of the product category.
Market Size and Demand
The market for cyber risk quantification (CRQ) is moving from a niche technical exercise to a board-level imperative. Forrester's research defines the market as solutions that "quantify cyber risk in financial terms" [Forrester, 2025]. The adjacent market for IT risk management software was valued at $7.8 billion in 2023 and is projected to grow to $15.4 billion by 2028 [MarketsandMarkets, 2023].
Demand for CRQ is propelled by regulatory pressure, such as the SEC's cybersecurity disclosure rules [SEC, 2023], the rising cost of cyber incidents, and the need for CISOs to justify security investments with clear financial ROI calculations [BusinessWire, 2023].
| Metric | Value |
|---|---|
| IT Risk Management Software 2023 | $7.8B |
| IT Risk Management Software 2028 | $15.4B |
Data Accuracy: YELLOW -- Market sizing is based on an analogous segment report; demand drivers are cited from regulatory filings and industry press.
Who Else Is Fighting for This
Axio competes in a specialized segment where the primary challenge is translating cyber risk into financial language.
| Company | Positioning | Stage / Funding | Notable Differentiator |
|---|---|---|---|
| Axio | Cyber risk quantification SaaS for enterprise security & business leaders. | Series B; $24.4M total raised. | Focus on financial quantification and executive communication; partnership with Cyentia Institute. |
| BitSight | Security ratings and performance management platform. | Venture Series Unknown; $255M+ total raised. | Broad market adoption for third-party risk management and security ratings. |
| SecurityScorecard | Security ratings, benchmarks, and third-party risk monitoring. | Series E; $290M+ total raised. | Extensive dataset and ratings used for supply chain risk. |
Axio's defensible edge rests on its partnership with the Cyentia Institute [axio.com] and its recognition as a Leader in the Forrester Wave for Cyber Risk Quantification in 2025 [Axio, 2025].
Data Accuracy: YELLOW -- Competitor funding and positioning corroborated by Crunchbase; Axio's differentiation claims sourced from its website and a 2025 analyst report.
Opportunity
If Axio successfully converts its foothold in critical infrastructure into a standard for financial risk translation, the company could become the primary system of record for cyber investment decisions across heavily regulated industries.
| Scenario | What happens | Catalyst |
|---|---|---|
| Regulatory Mandate | Axio becomes the preferred tool for demonstrating compliance with new cyber resilience regulations. | A major financial regulator explicitly endorses a quantitative framework that Axio supports. |
| Insurance Standard | Cyber insurers mandate or discount premiums for clients using Axio360. | A top-5 cyber insurer integrates Axio's data into its underwriting process. |
| Platform Expansion | Axio evolves from assessment to continuous control monitoring and investment optimization. | The launch of a real-time data integration module pulling feeds from major security tools. |
Data Accuracy: YELLOW -- Opportunity analysis is based on company positioning and analyst recognition; specific traction metrics and detailed partnership terms are not publicly disclosed.
Sources
- [Axio, 2025] Forrester Wave 2025 | https://info.axio.com/forresterwave-2025
- [BuiltIn] Inside Axio360’s Game-Changing Approach to Cybersecurity | https://www.builtinnyc.com/articles/inside-axio360s-game-changing-approach-cybersecurity
- [axio.com] Axio Homepage | https://axio.com/
- [axio.com] Axio Leadership | https://axio.com/leadership/
- [Kellogg School of Management, 2024] Meet the Kellogg JD-MBAs shaping the future of cybersecurity | https://www.kellogg.northwestern.edu/news/blog/2024/05/07/axio-jd-mba-startup/
- [ZoomInfo] Axio on ZoomInfo | https://www.zoominfo.com/c/axio-global-inc/11160763
- [BusinessWire, 2023] Axio Experiences Significant Customer Momentum, Appoints Industry Veterans to Accelerate Rapid Global Growth | https://www.businesswire.com/news/home/20230615895638/en/Axio-Experiences-Significant-Customer-Momentum-Appoints-Industry-Veterans-to-Accelerate-Rapid-Global-Growth
- [Axio] Axio and Cyentia Institute Partner to Enhance Data-Driven Cyber Risk Quantification for Organizations Across the Globe | https://axio.com/insights/axio-cyentia/
- [Forrester, 2025] The Forrester Wave™: Cyber Risk Quantification Solutions, Q2 2025 | https://info.axio.com/forresterwave-2025
- [Crunchbase] BitSight on Crunchbase | https://www.crunchbase.com/organization/bitsight
- [Crunchbase] SecurityScorecard on Crunchbase | https://www.crunchbase.com/organization/securityscorecard
- [Axio] Axio Joins with Cyber Risk Institute to Deliver Cybersecurity Resilience to Financial Services Institutions Across the Globe | https://axio.com/insights/axio-joins-with-cyber-risk-institute-to-deliver-cybersecurity-resilience-to-financial-services-institutions-across-the-globe/
Articles about Axio
- Axio's Cyber Risk Platform Lands a Leader Spot in the Forrester Wave — The New York SaaS firm has raised $24.4M to translate security posture into financial terms for energy and financial services giants.