Avaneidi funding news – Italy-based Avaneidi Raises €8Million in Series A Round Funding

This investment underscores a shared commitment to advancing solid-state storage technologies, enhancing data security, and promoting a sustainable digital transition.

It develops comprehensive enterprise storage systems based on a rigorous 360° multi-level “security by design” approach, enabling an unprecedented degree of cyber security, protection and data reliability for enterprise-grade applications.

it’s storage technology advancements boost performances, security and significantly reduce the overall energy consumption. This allows electronic devices and data centers to limit their carbon footprint, addressing key sustainable development goals such as clean energy and sustainable industry innovation.

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Avaneidi’s Enterprise Solid State Drives (ESSDs) utilize tailor-made chips and advanced algorithms, providing a bespoke solution optimized for performance and cyber security applications. Designed for on-premise data centers, their storage appliances offer a cost-effective, highly efficient alternative to traditional storage solutions, featuring extended drive’s lifetime, improved security and significant energy savings.

Dr. Rino Micheloni, CEO of Avaneidi said, "Our mission at Avaneidi is to pave the way for more secure, efficient, and sustainable data storage solutions, 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.”

Avaneidi targets organizations and industries that are highly sensitive to data governance and security, particularly within the rapidly evolving field of AI applications, where these issues are of paramount importance, such as finance, defense, automotive and healthcare. By prioritizing data integrity and protection, Avaneidi empowers entire industries to better leverage AI technology safely and effectively when it comes to storage solutions.

Massimiliano Magrini, managing partner at United Ventures said, “United Ventures invests in technologies that have a tangible positive impact, Avaneidi’s vision and mission to empower organisations 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.”

About Avaneidi

Avaneidi SpA is a start-up developing enterprise storage systems, from managing the basic storage media to its proprietary Operating System. Hardware, Firmware, and Software are entirely designed with a rigorous “security by design” approach, enabling unprecedented security and reliability for enterprise-quality storage.