Cybersecurity asset management company Axonius has raised $100 million in Series D funding, led by Stripes, a New York-based growth equity firm, as well as participation from existing investors Bessemer Venture Partners (BVP), OpenView, Lightspeed, and Vertex.

Ken Fox, founder and partner at Stripes, will join the Axonius board of directors. This latest round follows a 2020 investment of $58 million, increasing total funding to $195 million at a greater than $1 billion valuation.

Axonius will use the new funding to scale company growth globally and expand its cybersecurity asset management platform to meet surging market demand while maintaining its commitment to product simplicity and customer value.

After doubling its staff during the pandemic and achieving triple-digit annual recurring revenue growth in 2020, Axonius continues its rapid-growth trajectory.

“With its commitment to solving a fundamental challenge with a simple, powerful platform that collects and correlates data from hundreds of products its customers already use, Axonius has built one of the most beloved products in security. We look forward to partnering with the Axonius team as they continue to invest in technical innovation and grow to meet global demand in 2021 and beyond,” said Fox.