- This initial Series B closing brings Axiado’s total funding to $33 million since its Series A financing back in 2018
- It provides the company with working capital to finish its intelligent security processors
Axiado Corporation has announced an initial investment as a part of closing its $20 million Series B funding. This round was led by a Series A investor Orbit Venture Partners (OVP), and supplemented by Founder of Infinera Dave Welch, New Enterprise Associates Chairman and Cofounder Dick Kramlich, and a group of individual investors.
Gopi Sirineni, Chief Executive Officer of Axiado said, “We are very pleased for our investors’ confidence in our vision, technology, team, and customer traction. This funding will enable us to grow our operations and productize our technology with partners as we are advancing our products to the cloud data center, 5G base station, network security, and IoT markets.”
This initial Series B closing brings Axiado’s total funding to $33 million since its Series A financing back in 2018. It provides the company with working capital to finish its intelligent security processors.
Secures systems also from future attacks
Axiado’s edge technology platform redefines digital security with a ground-up-built hardware root of trust, and enforces it with a continuously learning artificial intelligence engine, which secures systems also from future attacks.
Dave Welch said, “Unlike the currently available distributed point solutions, Axiado’s comprehensive security is good news to the digital infrastructure that is plagued by widespread, frequent and extremely costly security breaches like the recent SolarWinds hack against the Department of Defense.”
