Cyber unicorn Axonius surpasses $200 million ARR, doubles revenue in two years
Israeli-founded cybersecurity company now serves nearly 1,000 customers globally.
Cybersecurity unicorn Axonius announced that it surpassed $200 million in annual recurring revenue (ARR) during the first quarter of fiscal 2027. The figure reflects 35% year-over-year growth and a doubling of the company’s revenue over the past two years.
At the same time, the company announced the appointment of Joe Diamond as permanent CEO after he served in the role on an interim basis in recent months. Diamond has served as president since August 2025 and as interim CEO since February 2026, replacing co-founder Dean Sysman, who will remain executive chairman.
Comparable companies in the cybersecurity sector, including Armis, which was acquired by ServiceNow, and Claroty, have reported annual revenue run rates exceeding $300 million.
Axonius was founded in 2017 by Dean Sysman, Ofri Shur, and Avidor Bartov, and operates from offices in New York City and Tel Aviv. The company has raised more than $595 million from investors including Accel, Lightspeed Venture Partners, Bessemer Venture Partners, Stripe, and Vertex Ventures.
Today, the company employs more than 700 people globally, with offices across the US and Europe, alongside a research and development center in Israel.
“Every board member is asking their security and IT leader the same question: how fast can you find the blast radius, contain it, and recover? There is only one way to answer that with confidence, and it starts with the foundation: asset intelligence. That is exactly what Axonius delivers with the Axonius Asset Cloud,” said Joe Diamond, CEO at Axonius. “We are the platform of platforms. No other cybersecurity leader unifies more than 45 asset classes, from security, software, SaaS, and cloud to emerging classes like connected devices and AI assets, into a single source of truth. At $200 million in ARR, the market is validating that organizations require this foundation.”
Axonius says it now serves nearly 1,000 customers worldwide, including more than 100 Fortune 1000 companies such as ADT and Western Union. In the US public sector, the platform is deployed across more than 90 federal agencies and was recently selected to modernize data services systems at the United States Department of Homeland Security.
The company’s Israeli development center, located in Tel Aviv, employs more than 200 people.
