The spotlight today is on Alcion, a modern data management startup pioneering an innovative Backup-as-a-Service (BaaS) platform.
Having just emerged from stealth, Alcion is set to redefine the data management sector with an impressive $8m seed funding round, backed by a cluster of esteemed angel investors.
Operating within a cloud-centric landscape, Alcion offers a dynamic, AI-driven Backup-as-a-Service (BaaS) platform. The company positions itself as an invaluable ally for Microsoft 365 administrators, offering a user-friendly, highly intelligent and secure SaaS platform as a shield against the perpetual threats of ransomware, malware, corruption, and accidental data loss.
The newly garnered funds have been earmarked for several strategic endeavours. Alcion is keen on stepping up its product development, widening its community outreach and, most crucially, bringing its novel BaaS product to market.
Niraj Tolia and Vaibhav Kamra, the savvy entrepreneurial duo behind Alcion, carry a wealth of knowledge in the realm of data protection, having formerly founded Kasten, an award-winning Kubernetes backup company, which was acquired by Veeam in 2020. The innovative pair now have their sights set on leveraging AI to enhance data protection services and arm businesses against the rising wave of cyber threats.
“Alcion’s entrance into the market with a fully-managed AI-driven backup service for Microsoft 365 users is a milestone moment,” Alcion CEO and co-founder Niraj Tolia noted, adding, “this considerable round of funding paves our path out of stealth mode, facilitates the market introduction of our cutting-edge BaaS product, fosters community expansion, and bolsters product development.”
The company’s intelligent backup scheduling, automated responses, integrated threat detection, and response algorithms are designed to plug the gaps left by traditional Microsoft 365 backup solutions. These robust features and capabilities are poised to address security concerns inherent in today’s dynamic threat environment, providing comprehensive data protection in the face of both internal and external cyber threats.
Reflecting on Alcion’s solution, Bryan Whiting, CTO of Milestone Financial Engineering, highlighted the product’s ease of use. Meanwhile, Ryan Elliot, VP of Client Solutions at KēSTA I.T., stressed Alcion’s role in mitigating downtime due to malicious activities.
Among the angel investors contributing to the seed round are Lip-Bu Tan, Chairman of Walden International and Intel Board Member, Abhinav Asthana, CEO and founder of Postman, Debanjan Saha, CEO of DataRobot, and Amarjit Gill, a serial entrepreneur and investor at Nepenthe Capital.
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