Once again NFP Ventures backs Axio

Cyber risk management Software-as-a-Service company Axio announced the close of funding led by Fin Venture Capital, IA Capital Group, and follow on participation from NFP Ventures .

Founded in 2013, Axio develops its Axio360 platform that measures risk exposure and manages a cybersecurity program. “Axio’s integrated software 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.”

“With cybersecurity threats continually increasing and budget sensitivity at all-time highs, enterprises need a platform that enables all key stakeholders to understand cyber risk in a quantified view to validate and optimize their financial and technical controls to best protect their business. We are thrilled to expand into new sectors and look forward to our developing a partnership with Fin VC’s network.” – Scott Kannry, Founder and CEO of Axio.