Axio
Axio is a SaaS cyber risk management company that sells the Axio360 platform for dollarized cyber risk quantification, assessment, and insurance transfer to 350+ enterprises across energy, healthcare, financial services, manufacturing, and public sector.
- Company typePrivate
- Founded2016
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Axio does
Axio Global, Inc. is a New York–headquartered SaaS company founded in 2016 that sells the Axio360 platform for cyber risk management and cyber risk quantification (CRQ). Axio360 links control-based cybersecurity assessments to dollarized cyber risk scenarios, integrating assessment, quantification, insurance/risk-transfer analysis, and planning/management into a single workflow, and is used by 350+ enterprises across energy and utilities, healthcare, financial services, manufacturing, the public sector, and private equity.
The platform's underlying methodology extends Carnegie Mellon University's OCTAVE framework (rather than the more common FAIR standard), with co-founder David White having architected the C2M2 cybersecurity maturity model with the Department of Energy. Axio's CRQ engine ingests enterprise posture data combined with Cyentia Institute's IRIS historical-incident dataset to produce scenario-based dollarized loss estimates that translate technical cyber risk into board- and CFO-grade financial terms. The assessment module supports hundreds of frameworks including NIST CSF, C2M2, CMMC, CRI Profile, CIS 18, and NIST 800-53, and the CRI Profile (the global financial-sector standard) is exclusively hosted on Axio360. Newer modules include BoD Cyber Insights (board reporting, launched July 2025), Axio AIR (AI risk quantification launched June 2026 ahead of the EU AI Act), and CRQ.AI (CRQ workflow acceleration, May 2026).
Axio operates a hybrid GTM model: direct enterprise sales to CISOs, CFOs, CEOs, and boards via a demo-led motion with quote-based, multi-year contracts; an MSSP/System Integrator channel offering unlimited licensing; insurance broker and carrier distribution (Lockton integration, underwriter training programs); and industry-association partnerships (CRI for financial services, ISTARI Collective for cross-cyber distribution). Revenue comes primarily from Axio360 subscriptions supplemented by professional services (assessments, CRQ facilitation, CADR for TSA pipeline directives, program transformation), training/eLearning, and insurance-industry solutions. The company has raised approximately $30.4M across four funding rounds, with a $23M Series B led by ISTARI in August 2022, and is a member of the ISTARI Collective. Leadership includes former BP CEO Bob Dudley as Chairman and ex-Aon executive Scott Kannry as CEO.
Axio firmographics
Firmographics- Name
- Axio
- Legal name
- Axio Global, Inc
- Website
- https://axio.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Axio is a SaaS cyber risk management company that sells the Axio360 platform for dollarized cyber risk quantification, assessment, and insurance transfer to 350+ enterprises across energy, healthcare, financial services, manufacturing, and public sector.
- Ownership category
- akta.pro rank
Axio industry classification
Industry- Product category
- Cyber Risk Management Software
- NAICS
- Custom Computer Programming Services (541511), Management Consulting Services (54161)
- SIC
- Services-Computer Programming Services (7371), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Customer Engagement, CRM & Agent/Broker Enablement Platforms (FSAGAGAD)
Keywords
Where Axio is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Axio business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Axio360 SaaS Subscription: Recurring subscription revenue from the Axio360 platform offered to enterprises, with unlimited licensing for MSSP/SI partners to scale to clients. Platform includes Assessment, Quantification, Risk Transfer, and Manage & Plan modules, plus newer add-ons like BoD Cyber Insights and Axio AIR.
- Professional Services: Revenue from Axio Services including expert-led cybersecurity assessments, cyber risk quantification facilitation, architectural design reviews (e.g., CADR for TSA compliance), and cyber strategy & program transformation engagements. Includes two-day workshops and on-demand eLearning/training.
- Insurance Industry Solutions: Revenue from insurers, brokers, and carriers using Axio360 for underwriting, stress testing, and renewal cycles. Includes scenario-based stress testing and insurance portfolio management capabilities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based enterprise subscription for Axio360 platform |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels10 records
Axio product offering
Product offeringCore offering
Axio sells the Axio360 SaaS platform for holistic cyber risk management, combining cybersecurity assessments, dollarized cyber risk quantification (CRQ), cyber insurance/risk transfer analysis, and planning/performance management. Its CRQ methodology is an extension of the OCTAVE methodologies developed at Carnegie Mellon University's Software Engineering Institute. The company also sells add-on modules (BoD Cyber Insights, Axio AIR), professional services, and training/eLearning.
Product overview
Axio offers a unified Axio360 cybersecurity performance management platform with a set of integrated modules rather than a single monolithic product. At its core, the Axio360 Platform delivers four workflow pillars - Axio Assessment for multi-framework cybersecurity assessment, Cyber Risk Quantification (CRQ) for dollarized impact modeling, Cyber Insurance Analysis and Risk Transfer for insurance optimization, and Planning and Management for cybersecurity performance management - on top of which sit two named add-on modules: BoD Cyber Insights (board-grade financial and scenario reporting) and Axio AIR (AI Risk Quantification Platform covering EU AI Act / NIST AI RMF / ISO 42001 compliance, AI supply-chain risk, and Article 73 incident readiness). Axio also offers Professional Services (assessments, CRQ, Architectural Design Review, and Cyber Strategy & Program Transformation), Training and eLearning through TalentLMS, and emerging offerings such as CRQ.AI and the Cyber-Physical Attack Quantifier (originally demonstrated at Lloyd's Lab). All modules share the same scenario-based methodology extending Carnegie Mellon's Octave Methodologies, are powered by the integrated Cyentia IRIS historical-incident dataset, and are designed to feed a single source of truth for boards, CISOs, CFOs, and insurance underwriters.
Differentiator
Problem solved
Functional benefit
Brands
- Axio360: The Axio360 platform is a decision-making engine for holistic cyber risk management, including cybersecurity assessments, cyber risk quantification (CRQ), risk transfer, and cyber insurance analysis.
- Axio AIR
- BoD Cyber Insights
Products and services
- Axio360 Platform SaaS decision-making engine for holistic cyber risk management that links control-based risk assessments to real-life risk scenarios, consolidating data from multiple sources to enable collaborative, dynamic cybersecurity decision-making across assess, quantify, transfer, and manage-and-plan workflows. Used by enterprises, governments, and MSSPs/SIs.
- Axio Assessment Centralized cybersecurity assessment management module that streamlines multi-assessment environments, aggregates assessments, identifies control gaps, benchmarks posture against frameworks and industry peers, and supports custom models. Targets security leaders managing multi-framework compliance environments.
- Cyber Risk Quantification (CRQ) Calculates the financial and tangible impact of a successful cyber attack on the business and third parties. Models risk scenarios to show how adjusting security controls impacts outcomes and prioritizes investments that balance risk and budget. Built on an impact-first methodology extending Carnegie Mellon's OCTAVE Methodologies.
- Cyber Insurance Analysis and Risk Transfer Provides a shared view of security posture among carriers, brokers, and insured customers; right-sizes insurance coverage, identifies coverage gaps, stress-tests policies against loss scenarios, and supports competitive premiums using the MITRE attack framework and Axio's quantification of incident impact.
- Planning and Management Embeds cyber assessments and risk quantification in strategic planning; sets targets and timelines, assigns tasks directly in workflow systems, builds roadmaps, justifies cybersecurity budgets, and demonstrates program success through executive and board-grade reporting.
- BoD Cyber Insights Translates cybersecurity posture into financial and business terms for board members. Surfaces 4-6 relevant cyber scenarios with likelihood and estimated financial impact to enable scenario-based oversight of strategy, investments, recovery plans, and shareholder-value impact. Targets board members and C-suite executives.
- Axio AIR AI Risk Quantification Platform delivering dollarized, board-grade quantification across the AI lifecycle via five pillars: AI Risk Quantification, Compliance Operations (EU AI Act, NIST AI RMF, ISO 42001), AI Supply Chain Risk, Incident Readiness, and Board & Executive Reporting. Native extension of Axio360.
- Professional Services Consulting services including Cybersecurity Assessments, Cyber Risk Quantification, Architectural Design Review (TSA CADR directive support for OT/critical infrastructure), and Cyber Strategy & Program Transformation. Delivered through two-day workshops that align cyber, technology, risk, and business leaders on scenarios, current state, and improvement targets.
- Training and eLearning Instructor-led training, online on-demand courses, and hands-on labs to build customer cyber assessment and risk quantification skills, delivered through Axio's TalentLMS portal.
- CRQ.AI Introduced via Axio webinar (May 13, 2026) as a new standard in Cyber Risk Quantification, designed to take users from blank page to quantified cyber risk more rapidly; positioned as the next generation of Axio's CRQ workflow.
Quantifiable outcome
- Used to complete comprehensive cybersecurity assessment with C2M2 in as little as two days for a critical infrastructure utility client
- +4 more outcomes
Companies that use Axio
Customer profileNamed customers14 records
Segments9 records
Ideal customer profiles6 records
Axio technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability6 records
Feature8 records
Axio partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered flagship, core and minor.
- DragosflagshipPartnership to enhance cyber risk quantification for operational technology (OT) environments, integrating Dragos threat intelligence with Axio's financial risk models. The collaboration aims to improve cybersecurity decision-making and insurance underwriting for OT-related risks amid increasing cyber threats, including supporting cyber insurance products covering operational disruptions and physical damages. Joint webinar series 'Cyber Risk in Wartime' further deepens collaboration.
- BlueVoyantcorePartnership announced in October 2025 to modernize cybersecurity vendor selection. BlueVoyant partners with Axio to bring Axio's methodology to BlueVoyant's customer base for evidence-based cyber risk decisions and vendor selection support.
- Nasdaq Center for Board ExcellencecorePartnership to advance cybersecurity governance at the board level. Joint webinar in July 2025 covered 'Empowering Your Cyber Governance: Unveiling Strategic Insights for Stronger Cybersecurity' and integrated BoD Cyber Insights into Nasdaq's board education programming.
- Cyentia InstituteflagshipJoint initiative integrating Cyentia's Information Risk Insights Study (IRIS) research — a massive dataset of historical cyber incidents providing data-driven frequency and losses estimates — into the Axio360 platform. This enables Axio customers to access data-driven, industry-specific incident probability and impact data. Axio and Cyentia deliver data-driven cyber risk quantification for organizations across the globe.
- Cyber Risk Institute (CRI)flagshipThe CRI Profile — the global standard for financial sector cyber risk assessment — is exclusively available in the Axio360 Cybersecurity Performance Management Platform. Axio and CRI are improving how financial institutions measure and report cybersecurity programs. CRI is a not-for-profit coalition of financial institutions and trade associations; the CRI Profile is an extension of NIST CSF tailored for the financial sector and consolidates over 2,500 regulatory expectations into 318 control objectives.
- ISTARI CollectiveflagshipAxio is a member of the ISTARI Collective, a curated network of cyber companies and experts aiming to create a digitally resilient future for businesses. Together, the Collective provides clients with a holistic suite of capabilities and services to improve cyber resilience.
- 1898 & Co.coreCollaboration to deliver the CADR (Cybersecurity Architecture Design Review) assessment process for critical infrastructure operators. The process is built on reputable assessment methodologies and consistent with NIST SP 800-82 Guide to Industrial Control Systems Security, helping pipeline and critical liquids/natural gas operators meet TSA security directives.
- LocktoncoreLockton (one of the world's largest independent insurance brokerage firms) integrated with Axio's cyber risk platform, as referenced in industry coverage of insurance brokerage developments and joint webinar 'Cyber Risk in Wartime' (March 2026).
- CMMC RPO PartnersminorAxio's RPOs for CMMC program enables Registered Provider Organizations to use Axio360 for their CMMC Level 1 and Level 2 engagements, including generating System Security Plans (SSPs) and Plans of Action and Milestones (POA&Ms) for clients.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Axio competitors and assessment
Company assessmentDirect peers
- Safe Security: Direct CRQ competitor also named a Leader in The Forrester Wave: Cyber Risk Quantification Solutions Q2 2025 alongside Axio. Competes head-to-head on dollarized cyber risk quantification for enterprises.
- Balbix: Cyber risk quantification and prioritization platform serving enterprise security teams; uses AI-driven approaches to model and quantify risk exposure — overlapping with Axio's CRQ and Assessment modules.
- Bitsight: Security ratings and cyber risk analytics platform used by enterprises and insurers; competes with Axio in the insurance underwriting and third-party risk quantification use cases.
- SecurityScorecard: Cyber risk ratings platform widely used by enterprises, insurers, and brokers for continuous monitoring and quantification of security posture — directly comparable to Axio's Risk Transfer and quantification workflows.
- RiskLens: FAIR-based cyber risk quantification platform; primary alternative methodology to Axio's OCTAVE-based approach, frequently compared by insurance carriers and CROs evaluating CRQ tools.
Emerging players
- Kovrr: Cyber risk quantification vendor focused on enterprise financial exposure modeling; a smaller but adjacent competitor overlapping with Axio's CRQ module, particularly for insurance-facing use cases.
- CyberSaint: Cyber risk management platform offering assessment, quantification, and compliance automation; smaller competitor with overlapping use cases in NIST CSF, CMMC, and CRQ workflows.
Broad incumbents
- Tenable: Large vulnerability management and exposure platform that has expanded into cyber risk analytics and prioritization; competes broadly with Axio for CISO budget in enterprise security programs.
- ServiceNow (GRC / Integrated Risk Management): Enterprise GRC and Integrated Risk Management suite with workflow automation for risk and compliance; competes with Axio's Planning and Management module and is one of Axio's named integration targets.
- Diligent (Galvanize/ACL): Governance, risk, and compliance platform serving enterprise boards and risk executives; overlaps with Axio's BoD Cyber Insights and Planning modules at the enterprise GRC layer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
Axio social profiles
Digital presenceAxio compliance and trust
Trust signalCompliance1 record
Axio financial estimates
Financial estimateRevenue estimate
Valuation estimate
Axio leadership team
Management profileNumber of profiles
Profiles12 records
Axio funding detail
Funding detailFunding overview
Funding rounds4 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Axio M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Axio
What does Axio do?
Axio sells the Axio360 SaaS platform for holistic cyber risk management, combining cybersecurity assessments, dollarized cyber risk quantification (CRQ), cyber insurance/risk transfer analysis, and planning/performance management. Its CRQ methodology is an extension of the OCTAVE methodologies developed at Carnegie Mellon University's Software Engineering Institute. The company also sells add-on modules (BoD Cyber Insights, Axio AIR), professional services, and training/eLearning.
Is Axio a public or private company?
Axio is a private company. It is classified as venture growth investor backed and is currently operating.
When was Axio founded?
Axio was founded in 2016. It employs 51 to 100 people.
Where is Axio based?
Axio is headquartered in New York, United States, in the North America region.
How does Axio make money?
Three revenue lines are on record. Axio360 SaaS Subscription is the primary driver. The others are professional Services and insurance Industry Solutions.
Who are Axio's main competitors?
Direct peers on record are Safe Security, Balbix, Bitsight, SecurityScorecard and RiskLens. Emerging players are Kovrr and CyberSaint. Broad incumbents are Tenable, ServiceNow (GRC / Integrated Risk Management) and Diligent (Galvanize/ACL).
Does Axio have an API?
No public API is recorded for Axio.
What industry is Axio in?
Axio's product category is Cyber Risk Management Software. Its primary akta.pro industry code is FSAGAGAD, Customer Engagement, CRM & Agent/Broker Enablement Platforms. Its NAICS code is 541511 and its SIC code is 7371.