Cyber unicorn Axonius cuts more than 10% of staff amid restructuring
Roughly 100 employees laid off as the $2.6 billion company tightens operations.
Cybersecurity unicorn Axonius is laying off more than 10% of its workforce. The company informed employees on Wednesday that approximately 100 of its 900 staff members are being let go.
Founded in 2017 in New York by Dean Sysman, Ofri Shur, and Avidor Bartov, all alumni of the IDF’s elite cyber units, Axonius provides a platform for managing and securing all devices connected to corporate networks. Its technology offers organizations a comprehensive asset inventory, identifies gaps in security coverage, and automates the enforcement of security policies.
Since its founding, Axonius has raised around $595 million across six funding rounds. Its most recent valuation, estimated at $2.6 billion, came in a round led by Accelmed with participation from Silver Lake.
In 2023, the company surpassed $100 million in annual recurring revenue (ARR), with a customer base that includes major corporations such as News Corp., Schneider Electric, and leading U.S. defense contractors.
Earlier this year, Axonius acquired Cynerio, a healthcare IoT cybersecurity and asset management startup, in an all-Israeli deal valued at $180 million.
