Elastio is a cloud native recovery assurance platform that bridges the gap between data protection and cybersecurity in the cloud. The company recently announced an oversubscribed $18 million Series A investment led by Venture Guides, new investors Capri Ventures, and Alumni Ventures, with strong participation from existing investors Bain Capital Ventures and Uncorrelated Ventures.
The company’s solution mitigates the risks left by threats that evade perimeter security tools and the inability of backups to recover due to the presence of ransomware, malware, or corruption. At a time when many organizations are focused on cloud cost optimization, Elastio’s customers are pleased to note that not only does Elastio improve their security posture, but they are also realizing up to an 80% reduction in storage costs, often rendering the Elastio platform as budget positive in as little as 90 days.
This latest funding round will fuel Elastio’s aggressive customer growth plans, including ramping up the number of AWS services it protects, introducing new data integrity features, and enhancing customer workflows with generative AI.
Elastio’s cloud native technology has already garnered attention within the industry, attracting a diverse range of customers, including Fortune 500 companies and innovative startups. And the company’s unique approach to cloud data security is disrupting traditional cloud data security practices and enabling businesses to limit financial risk, data loss, downtime, and brand risk caused by compromised data. The company does this by identifying, remediating, and recovering data infected with ransomware, malware, or corruption.
KEY QUOTES:
“The level of confidence we have in knowing we can recover by deploying Elastio made it a no-brainer decision. There is not another AWS native product providing the level of protection that Elastio is. It took less than 15 minutes to deploy and another hour or two to configure. We’re seeing savings due to the global deduplication and compression capabilities, but more importantly, we’re all sleeping better at night.”
— TJ Schoessow, SVP of Technology & Business Systems at CARET
“There is a fundamental shift in the market ensuring data integrity, cyber protection, and continuous recoverability for customers’ cloud operations. Elastio has built a game-changing cloud native complement for AWS customers recognizing that backing up data and deploying perimeter security tools is no longer enough to ensure uninterrupted business operations.”
— Ben Nye, Managing Partner at Venture Guides
“This significant investment validates our mission to revolutionize cyber recovery in the cloud and protect our customers from the massive implications of not being able to recover their data.”
— Najaf Husain, CEO of Elastio
