Vali Cyber, described as a future-focused provider of Linux cybersecurity solutions, is celebrating the closure of its seed funding round. The firm successfully secured a noteworthy $15m.
This funding initiative was championed by Grotech Ventures and the 412 Venture Fund (412VF). Alongside these major contributors, the endeavour witnessed robust backing from Riverfront Ventures, Florida Funders, and several other strategic investors. This significant infusion of capital underscores the urgency of tailoring security measures specifically for gadgets powered by the Linux® operating system.
Diving deeper into Vali Cyber’s essence, the company has carved its niche in addressing the complex security landscape surrounding the Linux ecosystem. A testament to the Linux OS’s importance, it drives 90% of server use in public clouds and is integral to over 80% of devices in the United States’ national security setup. Given this expansive use and Linux’s ascension as a crucial operating system, a gap in robust security solutions emerged. Vali Cyber, recognising this lacuna, introduced the ZeroLock security platform. This pioneering initiative is engineered to navigate the peculiarities of Linux-based settings, aiming squarely at revolutionising the Linux security sector.
Vali Cyber CEO Anthony Gadient expressed, “Our team is excited to announce the closing of our seed round. This represents a significant milestone for Vali Cyber. The investment validates the ability of our team and our technology to disrupt the Linux security markets. It is the first step in our journey to make ZeroLock™ the trusted platform of choice for Linux systems, from the cloud to the edge. With the support of our investors and early adopter partners, we are well-positioned to drive this vision forward.”
Edward Amoroso, CEO and Founder of TAG Cyber, LLC, weighed in, saying, “We’ve been buzzing about Vali Cyber’s ZeroLock platform since we first heard about it. It’s introducing truly disruptive technology and redefining what the market should expect from security for Linux.
“The internet as we know it—from search engines to WordPress servers to public clouds—doesn’t exist without Linux. And with the internet being as centric to our way of living as electricity, we must reconsider how we protect Linux endpoints and understand the profound importance as to why. I think the market is beginning to see that, as you can see by the investor response to Vali Cyber—$15M invested with co-leads as reputable as Grotech and the 412VF is something that will make analysts and enterprise users both sit up and take notice.”
Among the notable investors, Grotech Ventures, based outside Washington, DC, stands tall. The venture has nurtured several emerging tech businesses over the past 40 years. Steve Fredrick, Grotech General Partner, articulated, “With a 75% increase in ransomware attacks alone on Linux systems in the first half of 20223, the general mindset around having effective security for Linux is quickly transitioning from ‘nice-to-have’ or ‘good-enough’ to ‘must-have’. Platforms like ZeroLock will allow them to do that.”
Andrew Rabin, from the Pittsburgh-rooted 412 Venture Fund, added, “One of our goals at 412VF is to grow effective entrepreneurship. We see that potential in the team at Vali Cyber. When you add a platform as groundbreaking as ZeroLock, the pathway to success is unquestionable.”
Florida Funders Partner Ryan Whittemore remarked, “We are excited to support such a dynamic father-son team that brings successful entrepreneurial experience with exceptional technical know-how of Linux vulnerabilities in a rapidly growing threat environment for Linux based servers and IOT devices. We have strong respect for the Grotech and 412 Venture Fund teams and are very excited to add in the strategic power of our extensive network to help scale Vali Cyber!”
As Vali Cyber gears up to enhance its operational reach, its core commitment lies in evolving Linux cybersecurity. The company aims to consistently spearhead advancements in Linux, shield against advanced cyber-attacks, and safeguard the digital assets of their clientele.
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global