Vawlt Secures €2.15M for its Secure, Distributed Cloud Storage Solution

Vawlt, a long-term data storage startup, announced this week that it has successfully closed a €2.15 million round of funding.

Established in 2018, Vawlt specializes in facilitating solid, long-term data storage strategies that support cross-sector business agility.

At the core of Vawlt’s solution are Distributed Storage, Data-Centric Architecture, and Improved Data Security.

Vawlt’s innovative approach involves distributing data across multiple clouds or on-premises nodes simultaneously, creating a supercloud that allows companies to leverage the best-of-breed storage environments through a unified interface: user-friendly, secure, and inherently resilient.

User data remains accessible even in the event of cloud downtime, data loss, corruption, or ransomware attacks.

File contents can only be accessed by the data owner, and all data is encrypted at the client side. Data transmission occurs directly between users’ devices and storage clouds, bypassing Vawlt’s servers.

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According to CEO of Vawlt Ricardo Mendes:

“We’re delighted with this announcement. It underscores our dedication to enhancing data protection, sovereignty, and business efficiency and independence, all of which are increasingly critical in today’s world.

This infusion of capital will propel us into new markets, strengthen our support for channel partners, and drive continuous product innovation, enabling us to deliver precisely what our customers require.”

This funding round brings the company’s total funding to €3 million.

Led by Lince Capital, the funding round also included investments from Basinghall and Beta Capital, along with existing investors Armilar Venture Partners and Shilling VC, as well as two former executives from Cisco and OVHcloud.

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CEO of Lince Capital Vasco Pereira Coutinho commented:

“We’re thrilled to announce our latest investment in Vawlt.

In an era marked by growing concerns about data security and privacy, Vawlt’s highly skilled team has translated a decade of research into a leading product in the supercloud environment, positioning the company at the forefront of the future of cloud storage.

The latest iteration, Vawlt 3.0, introduces an even more robust and scalable product, enhancing value creation for distributors and partners and providing us with an even more dependable and cost-effective distributed cloud storage solution.”

Andrew Irvine, Founding Partner of Basinghall, added:

“Our decision to invest in Vawlt is based on the team’s extensive technical expertise, enabling the company to offer a secure, innovative, distributed supercloud storage solution.

Vawlt empowers users to efficiently migrate their data to or within a multi-cloud environment, facilitating their digital transformation efforts, which aligns seamlessly with our investment strategy. We are excited to support their ongoing growth.”

Vawlt intends to utilize the new funding to continue executing and expanding its product innovation strategy, as well as to expand its team.