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Axiado Raises $60M in Series C Funding to Boost AI Platform Security and Energy Efficiency [Yahoo! Finance]
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Dec. 4, 2024 /PRNewswire/ -- Axiado Corporation , a pioneer in hardware anchored platform security today announced it successfully raised $60 million in an oversubscribed Series C funding round, led by Maverick Silicon with participation from Samsung Catalyst Fund, Atreides Management, and Crosslink Capital. This investment will fuel the company's rapid growth and continued innovation in AI-driven cybersecurity technologies that are redefining platform security and energy efficiency for accelerated computing in AI data centers. Axiado's Trusted Control/Compute Unit (TCU) addresses some of the most pressing challenges in platform security for accelerated computing and AI data center power efficiency. According to the FBI's Internet Crime Complaint Center (IC3) 2023 annual report the cost of reported cybercrime in the U.S. jumped 22% last year to more than $12.5 billion Forrester's recently published 2025 Predictions report for Cybersecurity, Risk, and Privacy projects cybercrime cost
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