Axio Global

Axio Global, Inc. operates as a specialized cyber risk management software provider, offering a solution to quantify cybersecurity exposures in financial terms. The company was founded in 2016 by Scott Kannry (CEO) and David White (President). The founding premise was to merge their respective expertise: Kannry's background in the cyber insurance industry at Aon, and White's extensive experience in architecting widely-used cybersecurity and risk frameworks at the CERT Program at Carnegie Mellon's Software Engineering Institute. They identified a critical disconnect between technical security controls and financial risk management, aiming to create a methodology to help organizations decide where to allocate resources—be it on a technical control or a cyber insurance policy.

The company's core offering is Axio360, a SaaS-based platform that functions as a decision-making engine for holistic cyber risk management. It provides ongoing visibility and actionable insights by integrating cybersecurity assessments, cyber risk quantification (CRQ), financial stress testing, and insurance analysis. This allows an organization's security leaders, business executives, and board of directors to align around a single, financially-grounded view of their most critical risks. The platform supports various industry-standard frameworks like NIST CSF and C2M2, enabling clients to benchmark their programs against peers. The business model is primarily subscription-based access to the Axio360 platform, which is sold both directly and through white-label partnerships with consultants, managed security service providers, and insurance brokers.

Axio serves a diverse client base, with a notable concentration in high-stakes sectors such as critical infrastructure, energy, utilities, manufacturing, and financial services. The platform is designed to translate complex, technical cybersecurity data into an understandable business context, focusing on the financial impact of potential cyber events rather than just the likelihood of an attack. This approach helps organizations prioritize investments, optimize their security posture, and ensure their insurance coverage adequately matches their risk exposure. Since its inception, Axio has secured approximately $30 million in funding over several rounds, including a $23 million Series B in 2022 led by ISTARI, a global cybersecurity firm founded by Temasek. This funding has been directed towards enhancing the Axio360 platform and accelerating international expansion.

Keywords: cyber risk quantification, CRQ, cybersecurity management, financial risk modeling, SaaS, cyber insurance analysis, security program optimization, critical infrastructure security, enterprise risk management, NIST CSF, C2M2, cybersecurity assessment, risk-based decision making, cybersecurity investment, risk transfer, security posture, board-level reporting, financial stress testing, operational technology security, cyber resilience