Tech Company Financing Transactions
Elastio Funding Round
Elastio, based in Reston, secured $18 million from Venture Guides, Alumni Ventures and Bain Capital Ventures.
Transaction Overview
Company Name
Announced On
6/14/2023
Transaction Type
Venture Equity
Amount
$18,000,000
Round
Series A
Investors
Proceeds Purpose
The latest funding will fuel Elastio's aggressive 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.
Company Information
Company Status
Private & Independent
Industry
Security
Mailing Address
11921 Freedom Drive, Two Fountain Square 550
Reston, VA 20190
USA
Reston, VA 20190
USA
Phone
Undisclosed
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Najaf Husain
Chief Technical Officer
Adam Nelson
Co-Founder
Todd Fredrick
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