Alcion, Inc.
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Alcion, Inc. - overview
Established
2022
Location
Santa Clara, CA, US
Primary Industry
Software
About
Based in California, US, and founded in 2022, Alcion, Inc operates as a software development firm that provides data-backing solutions for Microsoft 365 applications. The company was Co-founded by Niraj Tolia (CEO) and Vaibhav Kamra. In May 2023, Alcion, Inc. raised USD 8 million in seed funding.
In September 2023, Alcion, Inc. raised USD 21 million in series A funding led by investor Veeam Software Group GmbH. The company offers comprehensive data coverage, intelligent backup, data protection, and multi-layered security services for its clients. The platform helps users to capture and consolidate data and metadata spread on all Microsoft 365 services.
The intelligent backups include intelligent backup scheduling, proactive backups, safe backup identification, and ransomware detection. The data protection services include automation, optimization of the backup engine, on-demand backups, etc. The company generates its revenue through a subscription model. The packages offered include an essentials pack which costs USD 2.
50 per month, a security pack which costs USD 3. 35 per month, and an enterprise package which is customizable. The company plans to use the September 2023 funding to Accelerate Global Expansion of its Backup-as-a-Service Platform.
Current Investors
Veeam Software Group GmbH
Primary Industry
Software
Sub Industries
IT Security/Cybersecurity, Application Integration Software
Website
www.alcion.ai
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Alcion, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Alcion, Inc. | - |
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Alcion, Inc. - employee data
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