What is Afero?
Founded in 2014 and headquartered in Los Altos, United States, Afero is dedicated to providing robust security solutions at every platform level. The company focuses on simplifying user onboarding to deliver exceptional user experiences and streamlining artificial intelligence integration. Afero's approach emphasizes hardened security and user-centric design, aiming to facilitate the adoption of advanced technologies in enterprise environments.
How much funding has Afero raised?
Afero has raised a total of $94.3M across 4 funding rounds:
Series A
$20.3M
Series B
$23M
Debt
$1M
Series C
$50M
Series A (2016): $20.3M with participation from Sanshin Electronics Co. Ltd, Assembly Partners, Fenox Venture Capital, SoftBank Group, and Presidio Ventures
Series B (2019): $23M led by Mistletoe Technologies
Debt (2020): $1M supported by PPP
Series C (2021): $50M featuring Crosspoint Capital Partners
Key Investors in Afero
Crosspoint Capital Partners
Crosspoint Capital Partners is a private equity investment firm focused on the cybersecurity, privacy, and infrastructure software markets, partnering with foundational technology companies.
Sanshin Electronics Co. Ltd
Sanshin Electronics Co., Ltd. specializes in high-reliability IT infrastructure solutions, including IoT, EMS, Edge AI, and factory automation, providing system integration and electronic device products.
SoftBank Group
SoftBank Group Corp. is a global technology holding company driving innovation across telecommunications, internet services, artificial intelligence, and smart robotics, supporting transformative technologies worldwide.
What's next for Afero?
The recent major strategic investment in Afero signals a pivotal moment for the company, likely enabling accelerated product development, market penetration, and strategic partnerships. Given the enterprise-level nature of its funding, Afero is poised to scale its operations, enhance its security offerings, and further integrate AI capabilities into its platform. This capital infusion is expected to fortify its competitive stance and support its mission to simplify complex technology for broader adoption.
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