SAN JOSE, Calif .– (COMMERCIAL THREAD) – Axiado Corporation, a Silicon Valley-based AI-based hardware security company, has announced an initial investment as part of the closing of its $ 20 million Series B funding. This round was led by a Series A investor Orbit Venture Partners (OVP), and completed by the founder of Infinera Dave welch, president and co-founder of New Enterprise Associates Dick kramlich, and a group of individual investors.
“We are very pleased with the confidence of our investors in our vision, our technology, our team and the traction of our clients,” said Gopi Sirineni, Managing Director of Axiado. “This funding will allow us to grow our operations and produce our technology with partners as we advance our products into the cloud data center, 5G base station, network security and IoT markets. ”
Axiado’s cutting-edge technology platform redefines digital security with a solid hardware foundation of trust and reinforces it with a continuous learning artificial intelligence engine, which also protects systems from future attacks. “Unlike the distributed point solutions currently available, Axiado’s comprehensive security is good news for the digital infrastructure which is plagued by widespread, frequent and extremely costly security breaches such as the recent SolarWinds hack against the Department of the Defense “, declared Dave welch.
This initial Series B close brings Axiado’s total funding to $ 33 million since its Series A funding in 2018 and provides the company with working capital to complete its intelligent security processors.
Axiado Corporation is a security processor company redefining the hardware root of trust with hardware-based security technologies, including per-system AI. Its solution with Secure Vault ™ Boot System and Secure AI ™ Engine Solution eliminates perimeter breaches of existing cloud infrastructures, networks and IoT devices. The company was founded in San José, California in 2017 with a mission to protect the privacy of businesses, organizations, industries, homes, and governments from internal and external digital threats.
Find out more at https://axiado.com and follow us on Twitter at @AxiadoCorp
Axiado ™, Secure Vault ™, Secure AI ™, and the Axiado logo are trademarks of Axiado Corporation.