Italian startup that specializes in security corporate storage systems, Avaneidi, has secured €8 million in a Series A funding round led by United Ventures. The investment will allow Avaneidi to further develop its Enterprise SSDs (ESSDs) and all-inclusive storage systems, improving performance, security, and energy efficiency.
- Founded by Dr. Rino Micheloni, Avaneidi specializes in customized security solutions for critical data governance, featuring storage media management and a proprietary operating system. The startup is dedicated to enhancing cybersecurity, safety, and data availability for enterprise-grade services while also reducing overall energy consumption.
- Saronno-based Avaneidi targets organizations and industries with stringent data governance and security requirements, particularly in AI applications such as finance, defense, automotive, and healthcare.
- Avaneidi Enterprise Solid State Drives (ESSDs) incorporate custom chips and algorithms for optimized performance and robust cybersecurity. Designed specifically for on-premise data centers, these ESSDs offer cost-effective, efficient storage solutions with extended drive lifespans, enhanced security features, and significant energy efficiency benefits.
Details of the deal
- The investment was led by United Ventures, a Milan-based venture capital firm known for funding startups aiming to revolutionize industries through technology. United Ventures' portfolio includes startups like Moneyfarm, FaceIT, Fiscozen, and Musixmatch.
“Avaneidi’s vision and mission to empower organizations to make better, more sustainable storage decisions is in line with our investment philosophy, and in particular, with our support of ethical AI solutions. By channeling resources into AI infrastructure like Avaneidi’s, we aim to facilitate the development of technologies that will redefine industries and transform tomorrow's society,” Managing partner at United Ventures, Massimiliano Magrini, commented.
- The fresh capital injection will accelerate Avaneidi's development of Enterprise SSDs (ESSDs) and all-inclusive storage appliances, boosting performance, security, and energy efficiency. This investment highlights a commitment to advancing solid-state storage technologies, enhancing data security, and supporting sustainable digital transformation.
“This funding will keep us at the forefront of the market, enabling us to accelerate the development of our enterprise ESSDs and all-inclusive storage appliances. Unlike off-the-shelf products, our solutions address cyber security and data governance issues by leveraging a tight hardware-software co-design while offering extensive customization options,” CEO of Avaneidi, Rino Micheloni, stated.
