Vawlt, a Ciências ULisboa spin-off, received €2.15 million in a new investment round, onboarding three new investors to further boost its product innovation.
Born at LASIGE research center and founded in 2019, Vawlt has affirmed as a leader supercloud long-term distributed storage solution that brings cybersecurity and cost efficiency to companies that heavily rely on data to generate value.
With Lince Capital as the round leader, Vawlt secured a total of three new investors, accounting also for Basinghall and Beta Capital. Also included in this funding round are Vawlt’s previous investors Armilar Venture Partners and Shilling VC, as well as investment from two former OVHcloud and Cisco executives.
In the words of Ricardo Mendes, Vawlt’s CEO:
“We’re thrilled with this news. It is a testament to our commitment to enhance data protection and sovereignty as well as business efficiency and independence. In the current world this is increasingly of key importance. This injection of capital will not only propel us into new markets and reinforce our support for channel partners, it will also fuel the continuous innovation of our product to provide our customers with exactly what they need.”
Since securing its latest round of funding in 2021, Vawlt has achieved notable technological advancements aimed at aiding businesses in their migration to the cloud. With this funding round, the total investment amassed by the company to date reaches €3 millionand the startups will continue to execute and expand its product innovation strategy whilst also expanding its team.
Congratulations, Vawlt!
