Alcion Pulls In $21M Series A Funding Round
SANTA CLARA, CA, Alcion, a modern data management startup, announced today it raised $21 million in a Series A funding round, bringing the startup's total funding to $29 million.
The round was led by Veeam, a leader in data protection and ransomware recovery, and supports the general availability and global go-to-market expansion of Alcion's security-first AI-driven Backup-as-a-Service (BaaS) platform for Microsoft 365 and, moving forward, protection of other business-critical SaaS services. Its multi-layered approach to security combats ransomware and malware using threat detection, intelligent backup scheduling, encryption, and delete protection.
In addition to Veeam, the Series A round saw participation from all prior investors including Lip-Bu Tan, Chairman of Walden International and Intel Board Member, Debanjan Saha, CEO of DataRobot, Abhinav Asthana, CEO and founder of Postman, and Amarjit Gill, serial entrepreneur and investor at Nepenthe Capital.
Alcion is a security-first AI-driven Backup-as-a-Service (BaaS) platform that helps Microsoft 365 administrators quickly and intuitively protect data from cyber threats and accidental data loss. Its multi-layered approach to security combats ransomware and malware using threat detection, intelligent backup scheduling, encryption, and delete protection. Its robust yet intuitive workflows increase productivity for admins of all skill levels. With a focus on data security, including ransomware protection, Alcion is using a community and open-source driven development approach to deliver a modern product focused on the needs of IT administrators.
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