Averlon Closes $10 Million To Help Enterprises Prevent Cloud Security Threats

By Amit Chowdhry • Jun 3, 2024

Cyber intrusion insurance premiums are doubling year over year, and AI-driven cyberattacks are costing U.S. companies a lot of money. Averlon, a pioneering cloud security company, emerged from stealth mode with an $8 million seed funding round aimed at transforming how organizations stay ahead of emerging threats.

This latest funding round, which brings the company’s total funding to $10.5 million, was led by Voyager Capital with participation from Salesforce Ventures and Outpost Ventures, along with several prominent CISOs and industry leaders.

The scale of AI-driven attacks have outpaced traditional defenses and CISOs and their teams must think like attackers to anticipate how they will breach cloud assets, a task difficult with legacy tools. And on average, large enterprises receive over 15,000 alerts monthly, which translates to about 93 alerts per working hour, making it nearly impossible to assess and prioritize risks effectively. Compared to traditional tools that inundate teams with reactive alerts (while overlooking the root cause), Averlon’s AI-powered platform pinpoints specific cloud security issues that pave the way for real-world attacks. And customers can seamlessly onboard their cloud environment, and within minutes, get a clear picture of their security risks and where to direct their attention.

Averlon utilizes AI technology that fuels cyberattacks to counteract them. And it provides panoptic visibility of all cloud assets (from network access and connectivity to software and policies), while continuously analyzing vulnerabilities to predict and neutralize attacks. This approach enables teams to see the bigger picture threats and eliminate them with surgical fixes.

Customers can utilize Averlon’s attack chain analysis to narrow the scope of the investigation and simplify the process of determining the impact, so security teams can move quicker to contain, eradicate, and recover from incidents.


“As cyber-attacks grow more sophisticated, it’s critical for companies to anticipate where and how attackers will strike. And yet, the reality is most CISOs don’t feel prepared for today’s threats. Security teams are bombarded with daily alerts, often leading to a reactive security posture where they are playing catch-up or unsure where to focus. Averlon solves for this challenge, providing customers with a holistic way to understand, predict, and prevent cloud security attacks.”

– Sunil Gottumukkala, CEO and Co-Founder of Averlon, who was formerly the SVP of Cybersecurity at Salesforce

“With the rise of AI, attacks are becoming more sophisticated. To stay ahead and successfully safeguard their organization, CISOs and their teams must learn how to think like attackers and anticipate how they breach cloud assets. Averlon solves this challenge, providing customers with a holistic way to understand, predict, and prevent cloud security attacks.”

– Rinki Sethi, CISO of BILL

“Averlon is a platform built to give CISOs and security teams peace of mind. Our AI model provides panoptic visibility, comprehensive attack chain analysis and rapid remediation, all seamlessly integrated.”

– Vishal Agarwal, CTO and Co-Founder of Averlon, who formerly SVP of Security Engineering with Salesforce

“We needed a security solution that could deliver better visibility, predictive insights and prevention of cloud security attacks, while also working seamlessly within our cloud workloads. Averlon meets this need while also saving our team critical time in our zero-day incident response and remediation.”

– Scott Roberts, CISO of UiPath

“The fundamental job of a CISO is risk management. If you live in this world, you have a huge pile of risk and your job is to identify the most effective things you can do, in the shortest period of time, to reduce risk. Averlon is a powerful platform that allows enterprises to map exactly how an attacker can compromise an environment. By understanding the attacker’s view, Averlon gives CISOs and their teams unparalleled ability to prioritize what an attacker can explore or exploit to pinpoint threats, predict attacks, and to mitigate them.”

– Austin Guyette, Partner at Voyager Capital