Temasek-Owned Istari Leads Series B in Axio
Posted on 08/04/2022
Established in 2020 by Temasek Holdings, an investment company headquartered in Singapore, ISTARI has a unique model. It is an advisory practice, investor, and educator through its Academy. ISTARI harnesses the collective power of the world’s leading cybersecurity companies, experts, and knowledge to work alongside clients on their journey to becoming digitally resilient. The ISTARI Collective includes Sygnia, BlueVoyant, Ensign InfoSecurity (EIS), Claroty, Armis, Prevalent AI, and Sonrai Security. Headquartered in London, ISTARI has a global presence in the United States, Europe, and Singapore.
Istari led a US$ 23 million Series B investment round in New York-based Axio, a SaaS company in cyber risk quantification solutions. There was additional participation from existing investors, including Distributed Ventures, IA Capital Group, and Bob Dudley, Axio Chairman and former CEO of BP plc. This round brings Axio’s total funding to US$ 30 million, including a US$ 4.5 million Series A round closed in 2018. Axio was formed in 2016.