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Averon Raises $8.3 Million to Combat Cyber Attacks on Smartphones

Averon Raises $8.3 Million to Combat Cyber Attacks on Smartphones
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Averon, the San Francisco-based web developer of Direct Autonomous Authentication, has finished a $8.3 million series A financing round. The round was driven by Avalon Ventures. In conjunction with the financing round, Rich Levandov and Brady Borhmann of Avalon Ventures will join Averon’s group of directors. The organization intends to utilize the new assets to speed up the launch process of its main goal to secure mobile life across the whole computerized world.

“As we see in the news every day, cybersecurity breaches continue to grow in size and frequency, and the world is in desperate need of the next generation of online identity authentication,” said Wendell Brown, CEO and chairman of Averon. “Averon offers a uniquely superior solution that authenticates users while relying on zero personally identifiable data and requiring zero effort on the part of consumers – Averon is the new gold standard in cybersecurity, and we’re rapidly taking it to scale.”

Averon’s security arrangement takes the continuous portable mobile network from a phone and the SIM/eSIM chips to perform validation. With existing arrangements, clients physically enter ID information into their gadget, utilize two-factor confirmations and biometric data, which are easily broken and inclined to human blunder. A mobile carrier really knows your identity; however, so far bundle gadget start following (SIM) has been constrained to carrier use, and carriers themselves have been seen as siloed systems. This arrangement separates the boundaries.

“The world-class team at Averon is creating the future of cybersecurity, and we look forward to seeing them realize their vision of online authenticity,” said Rich Levandov, partner at Avalon Ventures. “In today’s digital environment, building a trusted mobile ecosystem demands that we radically rethink security, and Averon is creating revolutionary technologies that can meet those needs of both today and tomorrow.”


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Kashish Ambekar
Kashish Ambekar
Kashish moved to UAE from London after graduating from UEL in Masters of Business Administration specialising in Finance. Money smelt good although tipping in rubies was a forte in Dubai which he couldn’t afford let alone implement. India happened naturally by birth and the ever developing market proved no bounds in almost every Industry. The Art of writing came naturally to him, short stories to professional articles in lieu of being therapeutic once, to a full time content writer. Currently he works for XDBS as a senior business development manager and is extremely devoted as much as his thoughts have found a way to be penned for technology in support to TechFunnel.com.

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