Aurascape AI, a Santa Clara, CA-based cybersecurity company, has closed $12.8 million in oversubscribed seed funding round.
Investors
The round was led by Mayfield Fund, with participation from Celesta Capital, StepStone Group, AISpace, and industry leaders including Mark McLaughlin, former Chairman and CEO of Palo Alto Networks.
Mayfield is an early-stage venture capital firm with a people-first philosophy and $3 billion under management. With a history of partnering with founders from inception, Mayfield focuses on building iconic companies in the enterprise, AI-first, deeptech, and health sectors. The firm has invested in over 550 companies, leading to 120 IPOs and over 225 acquisitions.
Aurascape AI Use of Funds
The company will use the new funding to accelerate product development and go-to-market strategies, driving forward the future of cybersecurity in the AI era.
About Aurascape AI
Founded in 2024, Aurascape AI is developing cutting-edge generative AI security solutions designed to defend against evolving cyber threats, leaks of critical information, and compliance issues, fortified by unparalleled security expertise. Their approach involves building security solutions from the ground up, leveraging patent-pending AI technologies to go beyond traditional security measures. Aurascape AI is currently engaged in proof-of-concepts (POCs) with select customers and plans to unveil its first commercial product later in 2024.
Funding Details
Company: Aurascape AI
Raised: $12.8M
Round: Seed Round
Funding Month: August 2024
Lead Investor: Mayfield Fund
Additional Investors: Celesta Capital, StepStone Group, AISpace, Mark McLaughlin
Company Website: https://aurascape.ai/
Software Category: Gen AI Security Solutions
Source: https://aurascape.ai/aurascape-ai-secures-12-8-million-in-oversubscribed-seed-funding-to-revolutionize-cybersecurity-for-the-ai-era/