Averlon, a Redmond, WA-based cloud security company, has emerged from stealth mode with an $8 million seed funding round.
Investors
The round was led by Voyager Capital, with participation from Salesforce Ventures, Outpost Ventures, and notable CISOs, bringing Averlon’s total funding to $10.5 million.
Voyager Capital is a Pacific Northwest venture firm providing entrepreneurs with the resources, experience, and connections to build successful technology companies. Voyager leads first venture round investments in software, analytics, and cloud infrastructure startups. The firm has offices in Seattle, Washington, and Portland, Oregon.
Averlon Use of Funds
The funds will be used to enhance their AI-powered cloud security platform, expand market reach, accelerate product development, and scale operations to better serve and protect their customers from sophisticated cyber threats.
About Averlon
Founded by Sunil Gottumukkala and Vishal Agarwal, Averlon is a cybersecurity company that leverages advanced AI technologies to provide proactive and predictive security solutions, offering comprehensive visibility and predictive analysis to help organizations anticipate, understand, and prevent sophisticated cloud security threats. Averlon provides Panoptic Visibility, Predictive Attack Intelligence, and Rapid Remediation, while seamlessly integrating with other security solutions.
Funding Details
Company: Averlon
Raised: $8.0M
Round: Seed Round
Funding Month: May 2024
Lead Investors: Voyager Capital
Additional Investors: Salesforce Ventures, Outpost Ventures
Company Website: https://www.averlon.ai/
Software Category: Cybersecurity
Source: https://www.newswire.com/news/averlon-comes-out-of-stealth-mode-with-10m-in-funding-to-advance-ai-22338775