HomeFundingLisbon-based Vawlt lands €550K for its B2B cloud technology

Lisbon-based Vawlt lands €550K for its B2B cloud technology

Lisbon-based Vawlt Technologies, which is on a mission to support businesses as they transition to the cloud world, has raised 550K in a new funding round from current investor Armilar Venture Partners, and new investors VC firm Shilling Capital Partners and angel investor Carlos Brazão. The new funding will be used to expand the startup’s product and business development teams, and add new features to its Dynamic Storage Platform.

Founded in 2018, Vawlt’s solution enables companies to simplify data storage in multiple clouds in an economically- efficient way, with security and reliability levels that it states are unmatched in the market. All this while ensuring the control and visibility over the data and over who can access it. Its Dynamic Storage Platform allows customers to adapt the data storage configurations to their needs regardless of their use-cases, from the storage of collaboration files to their archival, backup, and more.

Pedro Ribeiro Santos, partner at Armilar Venture Partners, noted that “the progress that Vawlt has made over the last twenty months since the Armilar fund first invested in the company, is truly remarkable. At the time, Vawlt had just spun-off from the Faculty of Sciences of the University of Lisbon to turn the technology that it had developed there into a commercial product that did not yet exist. Since then, not only did Vawlt create that product, incorporating in it the needs that it identified working with customers, but it also successfully brought that product to the market. This is a great example of the value that can be created from technologies in their raw state. It is with great pride that we see that value confirmed by the capability to attract new investors, whom we’re thrilled to welcome into the team and who will surely contribute to Vawlt’s success”.

For Pedro Ramalho Carlos, Shilling’s partner, “Vawlt clearly fits Shilling Founders Fund’s strategy to invest in disruptive technology ventures, launched by a solid and ambitious founding team, with a globally scalable product and business model. Vawlt developed a solid solution to tackle a problem that many companies face: secure, resilient access to their confidential and proprietary information in a multi-cloud environment. Moreover, they offer this solution with competitive and controlled management costs. Shilling Founders Fund is proud to join a list of strong investors to help accelerate Vawlt’s growth.”

“Vawlt is at the forefront of the great transition to the cloud, enabling companies to accelerate this transition with enduring economic and security benefits. At the same time, it opens new cloud go-to- market avenues to the ICT industry. Thus, Vawlt has everything to reach a prominent role in the global transition to the cloud and multi-cloud environments”, said former Cisco executive Carlos Brazão.

Ricardo Mendes, CEO and co-founder of Vawlt Technologies, explained: “Vawlt is undoubtedly in a good moment and with great prospectives for the future. This investment further reinforces that… I am confident that our solution will be one of the most relevant to consider when moving data to the cloud.”

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Charlotte Tucker
Charlotte Tucker
Charlotte is the previous Editor at EU-Startups.com. She spends her time scouting the next big story, managing our contributor team, and getting excited about social impact ventures. She has previously worked as a Communications Consultant for number of European Commission funded startup projects.

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