AI MDR provider AirMDR secures $15.5m seed funding

AI MDR provider AirMDR secures $15.5m seed funding

AirMDR, an AI-native Managed Detection and Response (MDR) provider, is aiming to deliver enterprise-grade security operations at an affordable price for small and medium-sized businesses, using a combination of AI analysts and a 24/7 team of expert human analysts.

The company has raised $15.5m in a seed funding round led by Race Capital, with participation from Foundation Capital and Storm Ventures.

The round includes a new $10.5m infusion added to an earlier $5m seed investment, supporting the company’s ambition to extend its AI SOC platform to a wider range of organisations.

AirMDR uses its AI SOC technology to provide automated MDR services, designed to handle the bulk of tasks typically performed by human analysts, such as triage, investigation and response.

This AI-led approach aims to improve the speed, accuracy and affordability of threat detection while maintaining expert human oversight, ensuring small businesses receive the same level of protection as large enterprises.

The fresh capital will be used to invest in research and development, strengthening AirMDR’s technology while expanding its sales and marketing efforts.

“We are delighted to place our faith in AirMDR for their innovative AI-powered MDR service that we believe will be a core solution for the $5B MDR market moving forward,” said Sid Trivedi, Partner, Foundation Capital. “AirMDR’s AI SOC will lower costs, improve cybersecurity, and contribute to a rapidly expanding market expected to double by the end of 2025. We are delighted to support their growth.”

AirMDR CEO Kumar Saurabh said, “For the last 25 years, in leadership, founding, and CEO positions at companies like ArcSight, Sumo Logic, and LogicHub, I saw how expensive high-quality Detection and Response was.

“Our mission at AirMDR is to bring Fortune 500 quality SOC to every enterprise at an affordable price. We are running in production across multiple enterprises. Our hybrid model, combining AI Analysts with a 24×7 team of expert human analysts, provides a second layer of defense that best meets the needs of MDR buyers.”

Alfred Chuang, managing partner at Race Capital, said, “We strongly believe that investing in early-stage technology companies is all about the people and founders who lead these companies.

“We believe in AirMDR’s mission to solve businesses’ most pressing security challenges through the use of combining AI and the MDR layer that AirMDR has built and proven with early customers already. Kumar Saurabh, through his leadership experience, is one of those relentless founders we look to support with his execution and vision for the future of cybersecurity. We are delighted to be part of AirMDR’s journey at creating a safer world for businesses to operate.”

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