AI-driven Hardware Security startup Axiado secured $20 Million


Axiado Corporation, a California-based AI-driven hardware security company, has now secured a $20 million Series B funding round.

Axiado Corporation is founded by the Gopi Sirineni in the year 2017. It is a security processor company that leverages hardware-based security technologies, which includes per-system AI. Its solution with Secure Vault boot system and Secure AI engine solution aim to eliminate breaches at the perimeter of existing cloud networks, infrastructure, and IoT devices, safeguarding the privacy of organizations, homes, enterprises, government, and industries from any external and internal digital threats

Executive Opinion

Gopi Sirineni, Chief Executive Officer of Axiado, said, "We are very pleased for our investors’ confidence in our vision, technology, team, and customer traction. This funding will enable us to grow our operations and productize our technology with partners as we are advancing our products to the cloud data center, 5G base station, network security, and IoT markets."

Dave Welch, Founder of Infinera, said, "Unlike the currently available distributed point solutions, Axiado’s comprehensive security is good news to the digital infrastructure that is plagued by widespread, frequent, and extremely costly security breaches like the recent SolarWinds hack against the Department of Defense."

Axiado Corporation's Latest Funding

The Orbit Venture Partners (OVP) led the latest funding round. Other participating investors include the Founder of Infinera Dave Welch, New Enterprise Associates Chairman and Co-founder Dick Kramlich, and a group of some individual investors.

The company, as of now, has plans to use the new funds to grow its operations. Axiado will also leverage newly raised funds for the productization to Cloud Data Center and 5G Base Station markets, notes the announcement.
PC: Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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