Avaneidi, an innovative Italian startup specializing in security enterprise storage systems, announced a €8 million Series A funding round led by United Ventures. This investment underscores a shared commitment to advancing solid-state storage technologies, enhancing data security, and promoting a sustainable digital transition.
Avaneidi 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. Avaneidi’s storage technology advancements boost performance, security and reduce energy consumption. This allows electronic devices and data centers to increase their operating efficiency and limit their carbon footprint, addressing key sustainable development goals such as clean energy and sustainable industry innovation.
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.
“Our mission at Avaneidi is to pave the way for more secure, efficient, and sustainable data storage solutions,” said Dr. Rino Micheloni, CEO of Avaneidi. “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.
Avaneidi’s technology’s potential has attracted the attention of major industry players. Negotiations and preliminary agreements are in place to validate and expand the market reach of its innovative products.
“United Ventures invests in technologies that have a tangible positive impact,” stated Massimiliano Magrini, managing partner at United Ventures. “Avaneidi’s vision and mission to enable organizations to make better and more sustainable storage decisions, focusing on governance and data security, align with our investment philosophy. 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.”
Founded by Dr. Rino Micheloni, a seasoned expert with over three decades in the semiconductor industry, and supported by a team that combines storage industry veterans with brilliant young engineers, Avaneidi is set to transform the enterprise storage landscape. By integrating innovative hardware, firmware, and its proprietary Operating System, Avaneidi offers a 360° multi-level security-by-design approach, ensuring robust data protection and reliability while minimizing energy consumption.
