Alcion, a Santa Clara, CA-based modern data management startup, raised $8M in Seed funding.
The round was driven by Lip-Bu Tan, Abhinav Asthana, Debanjan Saha, and Amarjit Gill.
The company intends to use the funds to exit stealth mode, take its BaaS product to market, expand community, and accelerate product development efforts.
Founded by Niraj Tolia and Vaibhav Kamra, Alcion solves data management challenges faced by companies running and storing business-critical data in the cloud including backup/restore, disaster recovery, and security. Leveraging community-driven product development and based on Corso, Alcion’s open-source project for Microsoft 365 backup, the company’s BaaS platform provides comprehensive backup and restore workflows, enabling fault-tolerant backups. Additionally, the Alcion BaaS solution supports XDR integration (e.g., 365 Defender) for proactive backups, includes ransomware detection, supports intelligent backup scheduling to reduce RPO, and more.
FinSMEs
01/06/2023