Enveedo Secures $3.15 Million in Seed Funding Led by Silverton Partners
Enveedo, a cutting-edge cyber risk management platform catering to middle-market businesses, has successfully concluded a significant $3.15 million seed funding round. Led by Silverton Partners, the prominent venture capital firm based in Austin, Texas, the $3.15 million funding round aims to accelerate the company’s growth and innovation in the cybersecurity industry while underscoring their confidence in Enveedo’s innovative approach to enhancing cyber resilience for businesses.
Enveedo, founded in May 2021, is known for its innovative approach to integrated risk management. At the core of Enveedo’s innovative proposition lies its Cyber Risk Management Platform the Company’s Cyber Risk Management Platform is designed to guide security and IT professionals through the process of building their security program. It starts by establishing leadership buy-in, identifying critical assets, and assessing risks using a growing library of API integrations. The platform then provides a tailored strategic roadmap with detailed recommendations and robust reporting, enabling organizations to affordably and seamlessly build and maintain cyber resiliency.
The fresh capital from the seed funding round will enable Enveedo to accelerate product innovation, attract top talent, and expand its market presence. Additionally, the funding will support the company’s mission to help businesses achieve cyber resiliency by continuously defending against emerging cyber threats. Luciano Salata, the CEO of Enveedo, expressed enthusiasm for the partnership, stating that the investment from three prestigious VCs with deep knowledge of cybersecurity is a strong validation of their vision and hard work.
Kip McClanahan, General Partner at Silverton, shared his thoughts on the investment, stating that Silverton is thrilled to partner with and support the Enveedo team as they accelerate their growth. He highlighted how Enveedo can help customers comprehensively define a CISO-level playbook for identifying and protecting what’s most important to the business. Enveedo’s automated workflow then guides their customers along a step-by-step roadmap for achieving their security goals. For businesses operating in today’s dynamic threat landscape, Enveedo’s product is timely and very impactful.
Enveedo’s Cyber Risk Management Platform has received industry recognition for its competence in helping businesses develop and maintain cyber resiliency. The company’s mission to provide affordable and seamless cybersecurity solutions for organizations with limited resources, capabilities, or expertise has positioned it as a force multiplier in the cybersecurity industry.
The $3.15 million seed funding led by Silverton Partners marks a significant milestone for Enveedo, empowering the company to further innovate and expand its capabilities in the cybersecurity space. With a focus on accelerating product innovation and market presence, Enveedo is poised and committed to continue revolutionizing the approach to integrated risk management and cyber resiliency for businesses in need of comprehensive cybersecurity solutions.
