May 24, 2024 at 09:24AM
Averlon, a cloud security startup, has secured $8 million in seed funding, making the total raised to $10.5 million. Led by Voyager Capital, the investment also involved Outpost Ventures, Salesforce Ventures, and angel investors. Co-founded by Salesforce and Microsoft cybersecurity experts, Averlon uses AI to identify and counter cloud security vulnerabilities, integrating with other solutions and providing proactive threat prediction.
Key takeaways from the meeting notes:
1. Averlon, a cloud security startup, has secured $8 million in seed funding, bringing their total funding to $10.5 million.
2. The investment was led by Voyager Capital, with additional funding from Outpost Ventures, Salesforce Ventures, and angel investors.
3. Averlon, co-founded by cybersecurity veterans from Salesforce and Microsoft, utilizes AI to identify cloud security weaknesses and counter cyberattacks.
4. The startup’s solution seamlessly integrates with other security solutions, allowing customers to enroll their cloud environments and gain an overview of security risks across all cloud assets, including network access, policies, and software connectivity.
5. Averlon’s solution continuously analyzes vulnerabilities to predict cyberattacks and helps organizations proactively neutralize them.
6. The company’s attack chain analysis helps customers narrow the scope of investigations and determine the impact to address incidents faster.
7. According to Averlon’s co-founder and CEO Sunil Gottumukkala, the company aims to provide customers with a holistic way to understand, predict, and prevent cloud security attacks.
8. The meeting notes also highlighted other related funding announcements from different companies in the cybersecurity and cloud security space, including Bolster, C/side, Alkira, and Anetac.
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