Tech Company Financing Transactions
Alcion Funding Round
On 9/19/2023, Alcion raised $21 million in Series A funding from private investors, Veeam and Nepenthe.
Transaction Overview
Company Name
Announced On
9/19/2023
Transaction Type
Venture Equity
Amount
$21,000,000
Round
Series A
Investors
private investors (Lead Investor) (Lip-Bu Tan)
Veeam (Lead Investor)
private investors (Abhinav Asthana)
private investors (Amarjit Gill)
private investors (Debanjan Saha)
Proceeds Purpose
The company intends to use the funds for global go-to-market expansion and development of its platform.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
3979 Freedom Circle Mission Towers 340
Santa Clara, CA 95054
USA
Santa Clara, CA 95054
USA
Phone
Undisclosed
Website
Email Address
Overview
Alcion is a company founded on the pillars of being product-led and community-driven and has firm technical underpinnings in a modern and AI-driven architecture built for modern workloads and threat environments. It solves data management challenges, including disaster recovery, ransomware and malware threats, and compliance, faced by companies storing data in the cloud.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Niraj Tolia
Chief Technical Officer
Vaibhav Kamra
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We report on every notable VC transaction. All VC database entries reported here come from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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