TCV

Avalor Emerges from Stealth with $30M to Make Sense of Security Data

Posted by Jay Bartlett April 19, 2023 10:52 pm Categories: Corporate News. Tags: Avalor, Security Data, TCV.

Avalor announced the completion of a $25M Series A investment round led by TCV, with participation from Salesforce Ventures. Morgan Gerlak, Partner at TCV will join Avalor’s board of directors. This investment adds to a $5M Seed round led by Cyberstarts in 2022 with participation from Jibe Ventures. Avalor will use the new funding to expand operations in the U.S. and Israel. The company is currently hiring for R&D, Product and Solution, Sales, Marketing, and Customer Success.

How An Innovative Control Room Can Help Secure The Budding Cannabis Market

It’s no secret that the cannabis industry is growing. Numerous states across the United States, from California to Maine, have legalized recreational cannabis, with 33 total states allowing cannabis for medicinal uses. And it’s not just the United States that’s seeing this trend: Canada’s official legalization of recreational cannabis took effect last October. This growth is leading to incredible opportunities in the industry, with the global market valued at $10.3 billion in 2018 and projected to reach $39.4 billion by 2023. This market opportunity expands far beyond the companies that directly deal with the cannabis plant, with numerous adjacent businesses on track to experience benefits.