Guardare Secures $5.1M in Seed Funding to Launch AI-Driven Cybersecurity Platform
Deal News | Jun 09, 2025 | Ten Eleven Ventures LLC
Guardare, an AI-driven cybersecurity and compliance platform, has secured $5.1M in seed funding led by Album, with participation from Ten Eleven Ventures. This funding will support the public launch of its platform aimed at IT leaders seeking to safeguard critical assets, mitigate risks, and ensure compliance through a centralized, intelligent dashboard. The platform integrates with existing tools to offer seamless, real-time risk management strategies. Guardare was founded in 2023 by cybersecurity veterans Dane Fiori, Lars Letonoff, and Charles Mitchell. Ten Eleven Ventures, a pivotal investor, underscores the significance of Guardare's innovative approach to addressing security challenges in an increasingly complex digital environment.
Sectors
- Cybersecurity
- Venture Capital
- SaaS (Software as a Service)
Geography
- United States – The article involves companies such as Guardare and Ten Eleven Ventures, which are based in the United States, a major hub for cybersecurity and venture capital activities.
Industry
- Cybersecurity – This is the primary industry in which Guardare operates, focusing on protecting organizations' digital assets and managing risks.
- Venture Capital – This relates to the funding aspect of the article where venture capital firms such as Ten Eleven Ventures and Album are investing in new technology companies.
- SaaS (Software as a Service) – Guardare offers a platform as a service, aligning with SaaS business models that provide software solutions over the internet.
Financials
- $5.1M – The amount raised in Guardare's seed funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Guardare, Inc. | Target Company | Company | An AI-powered risk and compliance platform aiming to transform cybersecurity management for IT leaders. |
| Ten Eleven Ventures LLC | Investor | Company | A global investment firm focusing on cybersecurity investments. |
| Album | Lead Investor | Company | An early-stage venture capital firm focusing on transformative companies in SaaS, Security, and FinTech. |
| Dane Fiori | Founder & President | Person | Co-founder of Guardare, leading the mission to redefine cybersecurity management. |
| Lars Letonoff | CEO | Person | Co-founder and CEO of Guardare, driving the company's strategic vision. |
| Charles Mitchell | VP of Product | Person | Co-founder and VP of Product at Guardare, focusing on product innovation. |
| Mark Hatfield | General Partner | Person | General Partner at Ten Eleven Ventures, emphasizing the importance of cyber-risk management. |