Alcion: Modern Data Management Company Receives $8 Million In Funding

By Annie Baker • Jun 19, 2023

Alcion – a modern data management startup – announced $8 million in seed funding from prominent angel investors, and the public preview of its AI-driven Backup-as-a-Service (BaaS) platform. Built with a product-led and community-driven focus, Alcion offers Microsoft 365 admins an easy-to-use, intelligent, and secure SaaS platform to protect against ransomware, malware, corruption, and accidental data loss.

Alcion was founded by Niraj Tolia and Vaibhav Kamra, two serial entrepreneurs with deep domain expertise in data protection. They previously founded Kasten, which is a leading and award-winning Kubernetes backup company that was acquired by Veeam in 2020.

The company offers comprehensive data protection using a modern and security-focused architecture that includes predictive Recovery Point Objective (RPO) reduction, integrated threat detection, and response algorithms. And the high-value and increasing amounts of business-critical data stored in Microsoft 365 make it a prime target for both internal and external malicious actors, including new classes of ransomware. Alcion differentiates itself from the competition by offering threat detection, automated responses, intelligent backup scheduling, and default delete protection offerings.

Utilizing community-driven product development and based on Corso, Alcion’s popular open-source project for Microsoft 365 backup, Alcion’s BaaS platform provides easy-to-use comprehensive backup and restore workflows, enabling reliable and fault-tolerant backups. And 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.

Alcion’s seed funding round was driven by several prominent angels including Lip-Bu Tan, Chairman of Walden International and Intel Board Member, Abhinav Asthana, CEO and founder of Postman, Debanjan Saha, CEO of DataRobot, and Amarjit Gill, serial entrepreneur and investor at Nepenthe Capital.


“We are thrilled to announce our market entry with a fully-managed AI-driven backup service for Microsoft 365 users. This significant round of funding allows us to exit stealth mode, take our modern BaaS product to market, expand our community, and accelerate product development.”

— Niraj Tolia, CEO and co-founder

“When it came to finding a backup solution for our Microsoft 365 data, ease of use was a top requirement. In fact, the complexity of setup and time investment required by other Microsoft 365 backup products had been a barrier to adoption at Milestone Financial Engineers. Alcion’s simplicity made setup a breeze and, without ever reading the documentation or undergoing training, we went from setup to backing up all our data in under 10 minutes!”

— Bryan Whiting, CTO, Milestone Financial Engineering

“Preventing downtime due to malicious intent has been top-of-mind for us. Alcion has allowed us to protect our critical business data from both potential internal threats and external cyber threats such as malware and ransomware.”

— Ryan Elliot, VP of Client Solutions at KēSTA I.T.

“Niraj and Vaibhav have a finger on the pulse of the solutions that modern businesses need to be more efficient and productive. Alcion’s AI-driven BaaS platform serves a growing market need for intelligent data management, recovery, and threat detection that will surely come to be an industry standard.”

— Lip-Bu Tan, Chairman of Walden International and Intel Board Member

“Data protection is more critical than ever and, given my experience in building secure scalable platforms that are also easy to adopt, the companies that are successful in this space will be those that can effectively balance security with accessibility. I’m excited to invest in Alcion because of their innovative work at the intersection of data and security. With a highly-talented team focused on ease-of-use and security, I am confident they will make a significant impact on the field of data protection.”

— Abhinav Asthana, CEO and founder of Postman