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Elastio Closes $18M In Series A Funding To Revolutionize Cloud Cyber Recovery

PRIVATEJun 15, 2023•about 3 years ago

Amount Raised

$18 Million

Round Type

Series A

RestonCyber Security

Investors

Uncorrelated VenturesBain Capital VenturesAlumni VenturesCapri VenturesVenture Guides

Description

Elastio's unique, cloud native recovery assurance platform bridges the gap between data protection and cybersecurity in the cloud. The solution mitigates the risks left by threats that evade perimeter security tools and the inability of backups to recover due to the presence of ransomware, malware, or corruption. At a time when many organizations are focused on cloud cost optimization, Elastio customers are pleased to note that not only does Elastio improve their security posture, but they are also realizing up to an 80% reduction in storage costs, often rendering the Elastio platform as budget positive in as little as 90 days.

Company Information

Company

Elastio

Location

Reston, Virginia, United States

About

Elastio auto-detects new workloads in your AWS environment, scans them for ransomware, and creates highly recoverable, immutable backups that are compressed and deduplicated for cost efficiency. Elastio assures fast and successful recoveries of your applications by scanning each recovery point (as they are created) for ransomware and malware, performing automated recovery testing, storing them immutably, assuring a fast and successful recovery. Elastio auto-detects new workloads in your AWS environment, scans them for ransomware, and creates highly recoverable, immutable backups that are compressed and deduplicated for cost efficiency. Elastio is agentless, leverages AWS snapshots, and can ingest and secure existing snapshots. It reports on the recovery health of your infrastructure and enables your team to manage service-level objectives confidently. They are notified instantly regarding any potential weakness in your data protection defense posture. Request a Demo today to learn how Elastio: • Secures and Defends your AWS Snapshots from Ransomware and Cyberattacks • Monitors and Reports on the recoverability of your cloud infrastructure and applications • Pays for itself by reducing storage cost with deduplication and compression of your existing snapshots

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Series A companies typically raise their next round in 10-18 months

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Elastio raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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