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 for cloud-native data protection solutions that go beyond traditional backup and recovery. Elastio's technology focuses on deeply inspecting data within backups to ensure it is free from threats such as ransomware, malware, and corruption, addressing a key vulnerability in modern data security 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 Bain Capital Ventures, Alumni Ventures, Uncorrelated Ventures, and Capri Ventures
Key Investors in Elastio
Bain Capital Ventures
Bain Capital Ventures is the venture capital arm of Bain Capital, known for its significant investments in early-stage technology companies. Their involvement suggests a strong belief in Elastio's disruptive potential within the data protection sector.
Alumni Ventures
Alumni Ventures is a venture capital firm that creates and manages alumni-focused investment funds. Their participation indicates a broad network of support and a focus on companies with strong founding teams and market potential.
Uncorrelated Ventures
Uncorrelated Ventures specializes in infrastructure software, managing substantial assets and investing in over 100 companies. Their investment in Elastio highlights the company's strategic importance in the infrastructure and data security space.
What's next for Elastio?
The recent major strategic investment positions Elastio for accelerated growth and market expansion. This capital infusion is expected to fuel further development of their innovative cloud-native data protection platform and enhance their go-to-market strategy. With a clear focus on addressing the evolving threat landscape, Elastio is poised to become a leader in ensuring data integrity and resilience for enterprises.
See full Elastio company page
