AirMDR Closes $5 Million in Seed Round
AirMDR, a Menlo Park, CA-based company specializing in AI-powered Autonomous Managed Detection and Response (MDR) solutions, closed a $5 million seed funding.
The round was led by Foundation Capital, with participation from Storm Ventures.
Founded in 1995, Foundation Capital is a venture capital firm based in Palo Alto, California. The firm prefers to invest in the enterprise, applications, data platforms, security & privacy, infrastructure, fintech, consumer, and cryptocurrency sectors. Foundation Capital has over $3B in assets under management, 34 IPOs and ICOs, and 80+ acquisitions.
This infusion of capital will fortify AirMDR's research and development initiatives and propel its entry into the market.
Founded in 2023, AirMDR provides autonomous MDR (Managed Detection and Response) to security team of all sizes, enhancing cybersecurity with its AI-driven virtual analysts to efficiently manage security alerts, reducing the reliance on human resources. The company provides reliable, enterprise-grade cybersecurity solutions that are affordable for small and medium-sized businesses.
Funding Details
Company: AirMDR, Inc.
Raised: $5.0M
Round: Seed Round
Funding Month: June 2024
Lead Investors: Foundation Capital
Additional Investors: Storm Ventures
Company Website: https://airmdr.com/
Software Category: Cybersecurity