Axiado Corporation, a San Jose, CA-based provider of a secure firewall platform, received a $10m investment in the form of a convertible note.
Orbit Venture Partners made the investment.
The company intends to use the funds to increase the workforce, grow the patent portfolio and complete development of the platform. This bridge round will complete their ongoing product development as they send current products to market.
Founded in 2017 by Axel Kloth, Axiado is a cybersecurity startup offering a secure firewall platform that eliminates breaches at the perimeter of existing networks and cloud infrastructures. The company serves enterprises, organizations, industries, homes, states and governments.
They have approx. 60 employees.