What is Elastio?
Elastio is a cybersecurity company founded by seasoned entrepreneurs with a proven track record in data protection, including their previous success with AppAssure. The company identified a critical gap in the market: while perimeter security tools focus on preventing threats and backup solutions aim for recovery, neither adequately addresses the issue of threats infiltrating backups. Elastio's approach centers on developing cloud-native tooling designed to deeply inspect data within backups, ensuring it is free from ransomware, malware, and corruption. This focus on data integrity within backups addresses a significant vulnerability in modern data protection strategies.
How much funding has Elastio raised?
Elastio has raised a total of $18M across 1 funding round:
Series A
$18M
Series A (2023): $18M with participation from Uncorrelated Ventures, Alumni Ventures, Bain Capital Ventures, and Capri Ventures
Key Investors in Elastio
Uncorrelated Ventures
Uncorrelated Ventures is an investment firm specializing in infrastructure software, managing over $750 million in assets across three active funds. The firm focuses on both traditional and decentralized portfolios, having invested early in more than 100 companies. Their target clients include startups and emerging companies in the infrastructure and decentralized finance (DeFi) sectors.
Alumni Ventures
Headquartered in Manchester, New Hampshire, Alumni Ventures Group (AVG) creates and manages alumni venture capital funds at top colleges and universities. The company offers a tested playbook, structures, processes, staff, and regulatory knowledge to take the headache out of running a venture capital firm.
Bain Capital Ventures
Bain Capital Ventures LLC is the venture capital division within Bain Capital, which has approximately $105 billion of assets under management worldwide. The firm's early-stage investments have included Staples, LinkedIn, Kiva Systems, Jet.com and Shopping.com.
What's next for Elastio?
The recent major strategic investment positions Elastio for accelerated growth and market penetration. This capital infusion is expected to fuel further development of its innovative cloud-native data protection solutions, enhance its go-to-market strategy, and expand its operational capacity. The company's focus on addressing the critical vulnerability of compromised backups suggests a strong trajectory in a market increasingly concerned with sophisticated cyber threats. Elastio appears poised to scale its operations and solidify its position as a key player in the enterprise data security landscape.
See full Elastio company page
