# Averail

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/averail

- Industry: IT Security/Cybersecurity
- Headquarters: Menlo Park, US
- Website: www.averail.com
- Total disclosed funding: $6.3M
- Latest round: Series A (Mar 20, 2012)
- Investors on record: 2

## About

Averail specializes in secure file-sharing solutions, enhancing communication and collaboration for enterprises across various industries, particularly in finance, healthcare, and legal sectors.Averail provides secure file-sharing and collaboration solutions. Founded in Menlo Park, US, it was acquired by MobileIron in April 2014. The company has attracted significant investment, raising a total of USD 6.00 mn in a SERIES A funding round led by Foundation Capital and Storm Ventures, with a current valuation of USD 10.30 mn.Averail offers innovative solutions that enhance communication and collaboration within industries like finance and healthcare. Their primary product is a secure file-sharing platform that ensures sensitive documents are transferred securely, complying with industry regulations. Additionally, Averail provides tools for real-time collaboration, which are beneficial for businesses in North America and Europe requiring reliable and secure communication for remote operations.Averail generates revenue through a subscription-based model, allowing businesses to access its suite of products and services via annual contracts. The pricing structure is tiered, catering to a range of organizational needs, from small businesses to large enterprises, including specialized plans for high-compliance industries. Partnerships with industry-specific organizations further support its customer base and diversify revenue streams.Averail, now a subsidiary of MobileIron, is focusing on expanding its product offerings and geographic reach. The company is working on new product launches aimed at enhancing their secure file-sharing capabilities, with specific details expected to be announced in the coming months. They are targeting expansion into additional markets within Europe and Asia by 2025. Recent funding from the SERIES A round will be utilized to support these growth initiatives, further solidifying their market presence.

## Funding rounds

- Series A, Mar 20, 2012, $6M — Foundation Capital, Storm Ventures
- Seed, Jul 26, 2011, $0.3M — Storm Ventures

## Investors

- Storm Ventures (https://capitalatlas.ai/funds/storm-ventures) — Seed, Series A
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series A