Averlon, a pioneering cloud security company, has secured $10m in funding to advance its AI-powered cloud security solutions.
The investment round, led by Voyager Capital and joined by Salesforce Ventures and Outpost Ventures, along with several prominent CISOs and industry leaders, marks a significant milestone for the company.
The funding will fuel Averlon’s mission to transform how organizations protect themselves against emerging cyber threats in an increasingly AI-driven landscape. As cyber intrusion insurance premiums continue to rise and AI-driven cyberattacks inflict substantial financial losses, the demand for robust cloud security solutions has never been greater.
Averlon’s platform offers a proactive approach to cloud security, leveraging AI technology to anticipate, identify, and neutralize potential threats before they manifest into real-world attacks. With traditional defences often overwhelmed by the scale and sophistication of modern cyber threats, Averlon provides CISOs and their teams with the tools to stay ahead of attackers.
Sunil Gottumukkala, CEO and Co-Founder of Averlon, emphasized the importance of anticipating cyber threats in today’s landscape. “As cyberattacks grow more sophisticated, it’s critical for companies to anticipate where and how attackers will strike,” said Gottumukkala. “Averlon solves this challenge, providing customers with a holistic way to understand, predict, and prevent cloud security attacks.”
The scale and complexity of AI-driven attacks have rendered traditional security measures inadequate. Averlon’s AI-powered platform offers customers a comprehensive view of their cloud environment, allowing them to identify vulnerabilities and prioritize risk mitigation effectively. Rinki Sethi, CISO of BILL, highlighted the significance of this proactive approach, stating, “To stay ahead and successfully safeguard their organization, CISOs and their teams must learn how to think like attackers and anticipate how they breach cloud assets. Averlon solves this challenge.”
Vishal Agarwal, CTO and Co-Founder of Averlon, underscored the platform’s focus on providing peace of mind to security teams. “Our AI model provides panoptic visibility, comprehensive attack chain analysis, and rapid remediation, all seamlessly integrated,” said Agarwal.
With cloud security threats on the rise, the need for proactive defence measures has never been more urgent. Averlon’s innovative approach, coupled with the support of its investors, positions the company at the forefront of the cloud security industry.
The $10m funding round represents a significant vote of confidence in Averlon’s vision and capabilities. As the company continues to innovate in the cloud security space, it aims to empower organizations worldwide to navigate the evolving threat landscape with confidence.
Averlon’s total funding now stands at $10.5m following an $8m seed funding round led by Voyager Capital, Salesforce Ventures, and Outpost Ventures.
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