Axio

Cyber risk management and quantification platform for enterprise security and insurance decision-making

Specialty Solutions Growth Series B

Overview

Axio is a cyber risk management and quantification platform serving enterprise organizations across critical infrastructure, energy, manufacturing, financial services, and public sector markets. The platform translates technical cybersecurity risk into financial terms, enabling security teams and business executives to align on risk prioritization and insurance decisions.

The Axio360 SaaS platform delivers four core capabilities: cybersecurity maturity assessments, cyber risk quantification (CRQ), risk transfer and insurance analysis, and performance management with benchmarking and reporting. The platform integrates with industry frameworks including the CRI Cyber Profile for financial institutions, developed in partnership with the Cyber Risk Institute. Axio also offers REST API access for integration with carrier and broker workflows.

Founded in 2016, Axio has expanded to serve more than 350 enterprise customers and raised approximately USD 30M across two rounds, including a USD 23M Series B in 2022 led by ISTARI, a Temasek-founded cybersecurity firm. The company received a Leader designation in The Forrester Wave: Cyber Risk Quantification Solutions, Q2 2025, and was featured in Gartner's 2024 Hype Cycle for Cyber-Risk Management. Axio is a Lloyd's Lab alumnus with backing from the Lloyd's Central Fund.

Products & Services

Axio360 Platform

A cloud-based SaaS platform for holistic cyber risk management that integrates assessments, quantification, and insurance analysis into a unified workflow.

Key Features

Cybersecurity maturity assessments using industry-standard frameworks
Cyber Risk Quantification (CRQ) -- translates attack scenarios into financial impact ranges
Risk Transfer Analysis -- coverage benchmarking and gap identification for cyber insurance buyers
Performance Management -- target setting, trend reporting, and board-level dashboards

Target Users: Enterprise security teams, risk managers, and CISOs

Axio Quantification

Standalone quantification module that models financial impact of cyberattack scenarios to support budget justification and risk prioritization.

Key Features

Scenario modeling for breach, ransomware, and operational disruption events
Financial impact ranges mapped to specific loss categories
Accelerated time-to-value via the Quantification Wizard tool (launched 2024)

Target Users: Risk managers, CFOs, and security leadership

Axio Risk Transfer

Module focused on cyber insurance placement and review, providing shared risk posture data for carriers and brokers.

Key Features

Insurance coverage benchmarking against peer organizations
Security posture data sharing with underwriters
Gap analysis between current coverage and modeled loss scenarios

Target Users: Cyber insurance buyers, brokers, and underwriters

CRI Cyber Profile (via Axio360)

Exclusive assessment tool for financial institutions developed in partnership with the Cyber Risk Institute.

Key Features

Regulatory-aligned cybersecurity assessment for banks and financial institutions
Integration with Axio360 risk management workflows
Industry benchmark comparison

Target Users: Financial services firms and their regulators

At a Glance

Founded: 2016
Headquarters: New York, New York
Employees: 51-200
Funding: Series B

Category & Focus

Category: Specialty Solutions
Subcategories: Cyber Risk Quantification Cyber Insurance Analysis Cybersecurity Maturity Assessment
Insurance Verticals: Specialty/E&S P&C Commercial
Target Customers: Carriers, Brokers, Enterprises