Aura scores $140M, boosting valuation to $1.6B
Aura, an AI-enabled digital safety platform, introduced it formally closed its Sequence G funding spherical, elevating $140 million in fairness and debt and bringing its valuation to $1.6 billion. The spherical initially closed in August 2024.
Ten Eleven Ventures and Madrone Capital led the spherical, with participation from new investor AT&T Ventures. Present buyers Basic Catalyst, Warburg Pincus and Accel additionally participated within the spherical.
WHAT IT DOES
Boston-based Aura affords AI-enabled on-line safety for households and people within the type of protection in opposition to id theft, scams and on-line threats. The corporate says it partnered with little one psychologists to create on-line instruments to guard youngsters from on-line bullying. Caregivers additionally acquire insights into supporting wholesome display screen time and general well-being for youngsters.
Mother and father may also set display screen cut-off dates, block inappropriate web sites, and get real-time alerts about cyberbullying or predators in on-line video games.
Moreover, each grownup member of Aura receives $1 million in insurance coverage for losses and charges attributable to id theft and information safety and privateness. Members additionally obtain credit score monitoring, spam name safety, a password supervisor and antivirus software program.
The corporate will use the funds to broaden its clever security options.
“Aura’s modern and complete method to on-line digital well being and security clearly positions it as a frontrunner in defending households in our more and more linked world,” Alex Doll, founder and normal companion of Ten Eleven Ventures, stated in an announcement.
“At Ten Eleven Ventures, we shortly acknowledged the numerous worth that Aura’s built-in, purpose-built suite of digital wellness merchandise can present to households, relatively than simply specializing in people or remoted gadgets. We’re excited and proud to help Aura’s imaginative and prescient of delivering real digital wellness and peace of thoughts to customers and their family members.”
MARKET SNAPSHOT
The spherical marks the corporate’s first funding since its separation in Might 2024 from Level Wild, previously Pango Group, which affords a collection of cybersecurity instruments.
Researchers have discovered established hyperlinks between cyberbullying and bodily and psychological well being issues amongst center and excessive school-aged adolescents in america. Points embody despair, substance use, somatic signs and suicidality.
Different firms that use AI and behavioral analytics to safeguard youngsters on-line embody British firm SafeToNet and U.S.-based Gaggle, which displays pupil communications on school-issued expertise to determine cyberbullying, self-harm threats and substance abuse.
