AirMDR, a Menlo Park, CA-based company specializing in AI-powered Autonomous Managed Detection and Response (MDR) solutions, closed a $5 million seed funding.   

Investors

The round was led by Foundation Capital, with participation from Storm Ventures.  

Founded in 1995, Foundation Capital is a venture capital firm based in Palo Alto, California. The firm prefers to invest in the enterprise, applications, data platforms, security & privacy, infrastructure, fintech, consumer, and cryptocurrency sectors. Foundation Capital has over $3B in assets under management, 34 IPOs and ICOs, and 80+ acquisitions.  

AirMDR Use of Funds  

This infusion of capital will fortify AirMDR's research and development initiatives and propel its entry into the market.  

About AirMDR  

Founded in 2023, AirMDR provides autonomous MDR (Managed Detection and Response) to security team of all sizes, enhancing cybersecurity with its AI-driven virtual analysts to efficiently manage security alerts, reducing the reliance on human resources. The company provides reliable, enterprise-grade cybersecurity solutions that are affordable for small and medium-sized businesses.  

Funding Details                                   

Company: AirMDR, Inc.  

Raised: $5.0M                                         

Round: Seed Round   

Funding Month: June 2024            

Lead Investors: Foundation Capital  

Additional Investors: Storm Ventures  

Company Website: https://airmdr.com/   

Software Category: Cybersecurity  

Source: https://www.businesswire.com/news/home/20240604753990/en/