Fundz

Alcion, Which Provides Backup And Security Services To Enterprises, Raises $21M

PRIVATESep 19, 2023

Amount Raised

$21 Million

Round Type

Funding Round

San FranciscoArtificial IntelligenceMachine Learning

Description

As organizations shift their operations to the cloud, they’re experiencing more security incidents — the result of challenges around the transitions from on-premises to remote data and infrastructure management. According to a recent survey, 80% of companies experienced at least one cloud security issue in 2022, while 27% suffered a breach with a public cloud provider — up 10% from 2021.

Quick answer

Alcion raised $21 Million in a Funding Round round, dated September 19, 2023. Alcion is based in San Francisco, California, United States.

How much did Alcion raise?
Alcion raised $21 Million in a Funding Round round on September 19, 2023.
What does Alcion do?
The platform taps AI models to detect ransomware at the file and user levels, enabling Alcion to identify targeted attacks ostensibly more effectively than services relying on static rules, Tolia says.
Where is Alcion based and how big is it?
Alcion is based in San Francisco, California, United States.
Who are the decision-makers at Alcion?
Fundz holds 1 contact at Alcion. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Artificial Intelligence and Machine Learning around the same time

Companies in the same sectors as Alcion that raised within 45 days of this round, from Fundz verified event records.

  • Cursor raised $8M (Funding Round) on October 11, 2023.
  • Andesite AI raised $15M on November 3, 2023.
  • Accelex raised $15M (Series A) on November 2, 2023.
  • Dashtoon raised $5M (Funding Round) on November 2, 2023.
  • Promise Robotics raised $15M (Series A) on October 31, 2023.
  • Assureful raised $1.5M (Pre-Seed) on October 26, 2023.

Who to call at Alcion, and when

A new round usually means Alcion is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Alcion raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Alcion, from your own LinkedIn network

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Company Information

Company

Alcion

Location

San Francisco, California, United States

About

The platform taps AI models to detect ransomware at the file and user levels, enabling Alcion to identify targeted attacks ostensibly more effectively than services relying on static rules, Tolia says. The San Francisco-based firm plans to bring its headcount, which currently stands at 21 people, to 30 people — or even higher — by the end of the year. ”Tolia founded Alcion in 2022 with Vaibhav Kamra, a serial entrepreneur and longtime business partner. But Tolia argues that Alcion is sufficiently differentiated.

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