Le Lézard
Classified in: Science and technology
Subjects: Photo/Multimedia, Personnel, Funding

Hardware AI Security Company Axiado Corporation Closed Oversubscribed Series B at $25M

Axiado Corporation, a Silicon Valley-based, AI-driven hardware security company has announced the closing of an oversubscribed Series B funding at $25 million, following robust product development with strategic partners.

The round was led by a private investor and business tycoon Dennis Anthony H. Uy and Series A investor Orbit Venture Partners, and supplemented by a group of individual investors, including Dave Welch, Founder of Infinera, and Dick Kramlich, Chairman Emeritus of New Enterprise Associates (NEA) and General Partner of Green Bay Ventures.

"Axiado's Trusted Control/Compute Unit (TCUtm) is a new category of processors dedicated for security, and a novel, silicon-based approach to manage critical boot- and run-time security across the entire connected infrastructure. This Series B funding reflects the support from our investors and customers, and it provides Axiado with the runway to launch the TCUtm in the market to address the growing problem of ransomware and cyberattacks," said Dave Welch Axiado's Chairman of the Board.

Axiado Corporation also announced today the appointment of Dennis Anthony H. Uy to its Board of Directors. Uy is the Founder and CEO of Converge ICT Solutions based in the Philippines. His vision on building strong technology foundations for nationwide infrastructures and his strategic investments in leading-edge innovation have led to the successful introduction of new technologies in the Philippines, including full-fiber optic networks, fiber-to-the-building solutions, and minimally-invasive micro-trenching installations.

"Axiado's TCUtm is a key part of the strong technological foundation that will make data centers in Philippines safer and more resilient as we build gateways from the United States to an interconnected Asia," says Uy.

Axiado's Chief Executive Officer Gopi Sirineni says that Series B funding marks also the success of company's other strategic partnerships. "These partnerships are crucial in helping us to refine the product and to achieve a dynamic product-market fit in the cloud-first markets."

"Axiado's attention to the control and management plane highlights the critical role it plays in a comprehensive cybersecurity architecture," says Dattatri Mattur, Head of Hardware Engineering of Cisco's Cloud and Computing Group.

Derek Chamorro, Security Architect at Cloudflare elaborates, "The cybersecurity industry needs an attestation solution that is server vendor-agnostic and works across the entire cloud infrastructure that is dispersed to multiple locations. Axiado is addressing both of these points."

"As a foundational technology and software security solutions provider who has worked closely with silicon companies in this space, we look forward to enabling the features Axiado is bringing to the market," Sanjoy Maity, Chief Executive Officer at AMI concludes.

About Axiado

Axiado Corporation is a security processor company redefining hardware root of trust with hardware-based security technologies, including per-system AI. Its solution with Secure Vaulttm boot system and Secure AItm engine solution eliminates breaches at the perimeter of existing cloud infrastructures and networks. Company was founded in San José, California, in 2017.

Discover more at https://axiado.com and follow us on Twitter @AxiadoCorp.

These press releases may also interest you

at 03:45
The newly published report titled "Global Digital Chemical Industry Market? By Trends, Industry Competition Analysis, Covid-19 Analysis, Revenue (US$ Bn) and Forecast Till 2030." of features detailed industry analysis and an vast study on the market,...

at 03:35
8-Second Branding Podcast releases an educational interview today for anyone who wants to get earned media (TV, print, radio and podcast interviews) with expert guest National Publicity Summit Co-Founder Steve Harrison. During this fun conversation,...

at 03:30
CloudSmartz and LastMileXchange (LMX) today announced a strategic partnership to help Communication Service Providers (CSPs) accelerate digital transformation (DX) and rapidly improve customer experience (CX). CloudSmartz is a provider of one of the...

at 03:30
The GSMA has published an analysis showing how robust 5G growth in the Middle East and North Africa has followed ambitious 5G spectrum assignments. As governments worldwide strive towards realising industry targets of 2GHz of mid-band spectrum for...

at 03:30
AI-powered digital skills assessment platform, iMocha, today announced a $14 million Series A investment round led by Eight Roads Ventures, with participation from existing investors Upekkha and Better Capital. Aditya Systla from Eight Roads Ventures...

at 03:05
Bragg Gaming Group , ("Bragg" or "The Company") has today announced the launch in several European iGaming markets of Egyptian Magic, the debut title from Atomic Slot Lab, the Company's new game development studio with a mission to deliver a superior...

News published on 30 november 2021 at 06:05 and distributed by: