Elastio, a Reston, VA-based provider of a cloud native recovery assurance platform, raised $18M in Series A funding.
The round was led by Venture Guides, Capri Ventures, and Alumni Ventures, with participation from existing investors Bain Capital Ventures and Uncorrelated Ventures.
The company intends to use the funds for customer growth plans, including ramping up the number of AWS services it protects, introducing new data integrity features, and enhancing customer workflows with generative AI.
Led by CEO Najaf Husain, Elastio provides a recovery assurance platform that protects data from threats evading perimeter defenses and mitigates downtime, data loss, and reputational harm for businesses. Engineered for the cloud with agentless architecture, the system continuously monitors mission critical data to detect compromises that impact recoverability, enabling businesses to limit financial risk, data loss, downtime, and brand risk caused by compromised data. Elastio does this by identifying, remediating, and recovering data infected with ransomware, malware, or corruption.
The company’s cloud native technology has already attracted a diverse range of customers, including Fortune 500 companies and innovative startups.
FinSMEs
15/06/2023