Total amount raised
$286.6 Millions
Latest funding date
04/01/2024
Location
Avathon offers a technology platform that integrates physical infrastructure with artificial intelligence, aiming to extend the life of aging infrastructure and optimize new systems. The platform is designed to prepare businesses for future autonomous production systems and smart cities.
Keep reading to explore the intricacies of Avathon's fundraising journey and the investors backing this innovative platform.
What Is Avathon?
Avathon is a technology company that integrates physical infrastructure with artificial intelligence to future-proof businesses. The company focuses on extending the life of aging infrastructure, optimizing new systems, and preparing for future autonomous industrial systems.
Operating across multiple industries such as Energy, Warehouse, Government & Defense, Manufacturing, Transportation, and Retail, Avathon offers scalable solutions to maximize asset life, improve safety, and streamline operations.
While specific details about the company's founding year, location, founders, and employee count are not available, Avathon's mission and industry reach highlight its significant role in bridging legacy systems with future technological advancements.
How Much Funding Has Avathon Raised?
- Seed Round
- Amount Raised: $375K
- Date: August 2013
- Lead Investors: -
- Seed Round
- Amount Raised: -
- Date: April 2014
- Lead Investors: Manoj Saxena
- Series A
- Amount Raised: $6M
- Date: April 2016
- Lead Investors: CME Ventures, Verizon Ventures
- Series B
- Amount Raised: $32.5M
- Date: June 2017
- Lead Investors: Verizon Ventures
- Grant
- Amount Raised: $706.7K
- Date: December 2017
- Lead Investors: US Department of Energy
- Series B
- Amount Raised: $24M
- Date: February 2018
- Lead Investors: Verizon Ventures
- Series C
- Amount Raised: $100M
- Date: October 2019
- Lead Investors: March Capital
- Series D
- Amount Raised: $123M
- Date: January 2022
- Lead Investors: AEI Horizon X, Alan Howard, B. Riley Wealth Management, Doha Venture Capital, March Capital, Peter Löscher, Temasek Holdings
- Secondary Market
- Amount Raised: -
- Date: April 2024
- Lead Investors: -
In total, Avathon has raised $286.5817M.
Key Investors
- Verizon Ventures
- Details: Verizon Ventures is the investment arm of Verizon Communications, focusing on identifying and funding innovative technology companies. They aim to support startups that can complement Verizon's core business and drive future growth.
- Investment Focus Areas: Telecommunications, Internet of Things (IoT), Artificial Intelligence (AI)
- Notable Investments: Aclima, Skyward, ShotTracker
- March Capital
- Details: March Capital is a venture capital firm that invests in breakthrough technology companies. They focus on supporting entrepreneurs who are building the next generation of market-leading companies.
- Investment Focus Areas: Enterprise Software, Fintech, Cybersecurity
- Notable Investments: CrowdStrike, Forter, ASAPP
- AEI Horizon X
- Details: AEI Horizon X is a venture capital fund created by Boeing to invest in transformative aerospace technologies. They aim to accelerate innovation in the aerospace sector.
- Investment Focus Areas: Aerospace, Advanced Manufacturing, Autonomous Systems
- Notable Investments: SparkCognition, Matternet, Isotropic Systems
- Temasek Holdings
- Details: Temasek Holdings is a global investment company headquartered in Singapore. They manage a diversified portfolio across various sectors and geographies.
- Investment Focus Areas: Financial Services, Telecommunications, Consumer & Real Estate
- Notable Investments: Alibaba, Gojek, Meituan-Dianping
- US Department of Energy
- Details: The US Department of Energy is a federal agency responsible for advancing the national, economic, and energy security of the United States. They support research and development in energy technologies.
- Investment Focus Areas: Renewable Energy, Energy Efficiency, Advanced Manufacturing
- Notable Investments: Not publicly disclosed
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