AI-driven hardware security company Axiado has closed an oversubscribed Series B round at $25m.
The round was led by private investor Dennis Anthony H. Uy, who also joins the Axiado board. Other investors included Orbit Venture Partners as well as Dave Welch and Dick Kramlich, the Axiado chairman of the board and the general partner of Green Bay Ventures respectively.
Founded in 2017, Axiado is a security processor company that claims it is redefining hardware root of trust with hardware-based security technologies, including per-system AI. The company claims its solution with Secure Vault boot system and Secure AI engine solution eliminates breaches at the perimeter of existing cloud infrastructures, networks, and IoT devices.
According to Axiado CEO Gopi Sirineni, the Series B funding marks the success of the company’s other strategic partnerships.
Welch said, “Axiado’s Trusted Control/Compute Unit (TCU™) is a new category of processors dedicated for security, and a novel, silicon-based approach to manage critical boot- and run-time security across the entire connected infrastructure. This Series B funding reflects the support from our investors and customers, and it provides Axiado with the runway to launch the TCU in the market to address the growing problem of ransomware and cyberattacks.”
Cloudflare security architect Derek Chamorro added, “”The cybersecurity industry needs an attestation solution that is server vendor-agnostic and works across the entire cloud infrastructure that is dispersed to multiple locations. Axiado is addressing both of these points.”
Copyright © 2021 RegTech Analyst
Copyright © 2018 RegTech Analyst