Axiado, founded in 2017, has recently raised $60 million in a Series C funding round, bringing its total raised to $140 million. The funds will be used for go-to-market efforts and expanding Axiado’s workforce across its San Jose, India, and Taiwan offices. The company also plans to take its product to mass production and start revenue generation in 2025.
Key takeaways:
- Axiado, a startup founded in 2017, designs security chips and apps to combat cyberattacks. The chips secure devices ranging from data centers to 5G base stations and protect against boot-level attacks.
- The company's chip uses root-of-trust technology to protect against hardware tampering and drives Axiado’s cybersecurity monitoring platform, which uses AI to detect potentially malicious activity in data patterns.
- Axiado has recently launched a system that adjusts data center cooling based on workloads to reduce costs, leveraging its chip technology.
- The company has raised $60 million in a Series C funding round, bringing its total raised to $140 million. The funds will be used for go-to-market efforts and expanding Axiado’s workforce across its San Jose, India, and Taiwan offices.