Alcion, a Santa Clara, CA-based modern data management startup, raised $21M in Series A funding round, bringing total funding to $29M.
The round was led by Veeam with participation from all prior investors including Lip-Bu Tan, Chairman of Walden International and Intel Board Member, Debanjan Saha, CEO of DataRobot, Abhinav Asthana, CEO and founder of Postman, and Amarjit Gill, serial entrepreneur and investor at Nepenthe Capital.
The company intends to use the funds for global go-to-market expansion and development of its platform.
Led by Niraj Tolia, CEO and co-founder, Alcion provides a security-first AI-driven Backup-as-a-Service (BaaS) platform for Microsoft 365 and, moving forward, will offer protection of other business-critical SaaS services. Its multi-layered approach to security combats ransomware and malware using threat detection, intelligent backup scheduling, encryption, and delete protection.