Aura, an AI-enabled digital safety platform, introduced it formally closed its Collection 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 Normal Catalyst, Warburg Pincus and Accel additionally participated within the spherical.
WHAT IT DOES
Boston-based Aura provides 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 baby psychologists to create on-line instruments to guard youngsters from on-line bullying. Caregivers additionally achieve insights into supporting wholesome display screen time and total well-being for youngsters.
Mother and father may set display screen deadlines, 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 because of 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 increase its clever security options.
“Aura’s modern and complete method to on-line digital well being and security clearly positions it as a pacesetter in defending households in our more and more linked world,” Alex Doll, founder and normal companion of Ten Eleven Ventures, mentioned in an announcement.
“At Ten Eleven Ventures, we rapidly 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 assist 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 provides a set 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 the USA. 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 screens pupil communications on school-issued expertise to determine cyberbullying, self-harm threats and substance abuse.
