New York City, New York-based cyber risk quantification solutions provider Axio has raised $23 million in a Series B investment round.

The funding was led by Istari, a Temasek-founded global cybersecurity firm. Existing investors Distributed Ventures, IA Capital Group, and Bob Dudley, Axio chairman and former CEO of BP also participated in the investment.

Axio has raised $30 million to date.