Data Protection Platform Alcion Secures $21M Series A Round
Alcion, a data management company headquartered in Santa Clara, announced it raised $21 million in a Series A funding round, bringing its total funding to $29 million. The round will go toward supporting the general availability and global go-to-market expansion of Alcion’s backup-as-a-service platform for Microsoft 365.
Alcion’s offering includes AI-driven ransomware protection models that learn from user behavior to detect targeted attacks. Its platform combats ransomware and malware using threat detection, backup scheduling, encryption and delete protection. Alcion has seen a 700 increase in businesses using its platform since exiting stealth in May.
The new funding round from Veeam and other investors will help Alcion build features for its managed service provider customers as well as extend its data protection features for SaaS services apart from Microsoft 365. The funding supports Alcion’s mission of protecting the world’s data against malicious threats and accidents.