Alcion, a Santa Clara, CA-based modern data management startup, secured $21 million in a Series A funding round, bringing its total funding to $29 million.
SaaS Investors
Veeam led the round.
Veeam is a provider of data protection and ransomware recovery and provides organizations with resiliency through data security, data recovery, and data freedom for their hybrid cloud. Founded in 2006 and is based in Columbus, Ohio.
Alcion Use of Funds
The funding will support Alcion's mission to expand its platform and provide enhanced data protection capabilities for businesses.
About Alcion
Alcion is a security-first AI-driven Backup-as-a-Service (BaaS) platform that helps Microsoft 365 administrators quickly and intuitively protect data from cyber threats and accidental data loss. Its multi-layered approach to security combats ransomware and malware using threat detection, intelligent backup scheduling, encryption, and delete protection. Founded in 2022, Alcion is a distributed company headquartered in the San Francisco Bay Area.
Funding Details
Company: Alcion, Inc.
Raised: $21.0M
Round: Series A
Funding Month: September 2023
Lead Investors: Veeam
Additional Investors:
Company Website: https://www.alcion.ai/
Software Category: AI-driven Backup-as-a-Service (BaaS) platform
Source: https://www.businesswire.com/news/home/20230919131774/en