Axio
Category: AI in Cybersecurity
SaaS leader in cyber risk quantification (CRQ) that now financially quantifies AI and agentic risk through its Axio AIR capability on the Axio360 platform. Axio was founded in 2016. The company is led by Scott Kannry. Based in New York, NY, United States. Team size: 101-500. Total funding raised: $30M. Latest round: Series B. Key investors include ISTARI (Temasek), Distributed Ventures, Lloyd's of London.
- Founded
- 2016
- Headquarters
- New York, NY, United States
- Team size
- 101-500
- Total funding
- $30M
Value proposition
Gives security, business, board, and insurance leaders dollar-based clarity on every cyber (and now AI/agentic) risk so they make decisions with evidence rather than instinct, translating risk into business-impact terms across the enterprise.
Products and solutions
Axio360 platform (cyber risk management decision engine): Axio360 for CRQ (financial quantification), Assessment, Risk Transfer/Insurance, Performance Management, Board Insights, Axio360 for AI Risk, Axio AIR (AI & agentic risk financial quantification, launched Aug 2026)
Unique value
Quantifies cyber and AI/agentic risk in financial terms and delivers board-grade, governance-ready AI exposure analysis spanning compliance, supply chain, and incident readiness on a single SaaS platform trusted by insurers and regulators.
Target customer
CISOs, CFOs, CEOs, risk managers, boards, and insurance/underwriting teams in energy & utilities, healthcare, financial services, and public sector
Industries served
Energy and Utilities, Healthcare, Financial Services, Public Sector, Cyber Insurance ecosystem (carriers/brokers), System Integrators / MSSPs
Technology advantage
Patent-backed four-quadrant cyber loss impact taxonomy and dollarized CRQ methodology; extends proven cyber risk quantification to AI/agentic risk (Axio AIR) for audit-ready governance; recognized as a Leader in The Forrester Wave for Cyber Risk Quantification and Gartner Hype Cycle for Cyber & IT Risk Management.
How they differentiate
Distinctly combines holistic cyber program management, dollarized risk quantification, and insurance risk-transfer governance on one platform, now extending the same financial-quantification methodology to AI/agentic risk — setting it apart from scan-based or consulting-heavy competitors.
Main competitors
Safe Security, Kovrr, RiskLens
Key partnerships
Dragos (OT cyber risk quantification partnership, Feb 2026), CRI (CRI Profile for financial institutions), Nasdaq (webinar collabs), Lloyd's of London / Lloyd's Lab, ISTARI Collective
Notable customers
350+ enterprises across energy/utilities, healthcare, financial services, and public sector (specific named customers not public)
Major milestones
Founded 2016, Series A $4.5M 2018, Series B $23M led by ISTARI Aug 2022, Named Leader in Forrester Wave CRQ Q3 2023 and Q2 2025, Launched Axio AIR for AI/agentic risk financial quantification Aug 2026, OT risk quantification partnership with Dragos Feb 2026.
Growth metrics
350+ enterprise customers; ~$30M total funding
Market positioning
Named a Leader in Forrester Wave Cyber Risk Quantification (Q3 2023 and Q2 2025); differentiated as a holistic cyber program management + CRQ + insurance governance platform versus more specialized or consulting-heavy competitors.
Geographic focus
United States (NYC HQ; DC/Tysons and Atlanta offices) with global cyber insurance ecosystem reach
Patents and IP
Proprietary four-quadrant cyber loss impact taxonomy and quantification methodology (as described by CEO; specific patent filings not enumerated publicly)
About Scott Kannry
Ex-Aon Risk Solutions VP of cybersecurity practice (established and led eastern US cyber practice); BS Case Western Reserve University; JD Northwestern University School of Law; MBA Northwestern Kellogg School of Management. Architect of Axio's cyber loss impact taxonomy.
Latest news about Axio
More AI in Cybersecurity companies
Official website: https://axio.com/