Axiado Corporation, a San Jose, Calif.-based AI-driven hardware security company, received an initial closing as a part of a $20m Series B funding.
The round was led by 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.
The company intends to use the funds to grow operations and productize technology.
Founded in San José, California, in 2017 and led by Gopi Sirineni, Chief Executive Officer, Axiado is a security processor company which leverages hardware-based security technologies, including per-system AI. Its solution with Secure Vault™ boot system and Secure AI™ engine solution aim to eliminate breaches at the perimeter of existing cloud infrastructures, networks, and IoT devices, safeguarding the privacy of enterprises, organizations, industries, homes and governments from internal and external digital threats.
This initial Series B closing brings Axiado’s total funding to $33 million since its Series A financing back in 2018.