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. Current buyers Common 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 identification theft, scams and on-line threats. The corporate says it partnered with little one psychologists to create on-line instruments to guard kids from on-line bullying. Caregivers additionally achieve insights into supporting wholesome display screen time and general well-being for youngsters.

Dad and mom can even 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 costs as a consequence of identification 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 revolutionary and complete strategy to on-line digital well being and security clearly positions it as a pacesetter in defending households in our more and more related world,” Alex Doll, founder and common accomplice of Ten Eleven Ventures, mentioned in a press release.

“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, reasonably 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 shoppers 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 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 embrace melancholy, substance use, somatic signs and suicidality. 

Different firms that use AI and behavioral analytics to safeguard kids on-line embrace British firm SafeToNet and U.S.-based Gaggle, which displays scholar communications on school-issued expertise to determine cyberbullying, self-harm threats and substance abuse.