# Caveonix

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

- Industry: Internet
- Headquarters: Falls Church, US
- Website: www.caveonix.com
- Total disclosed funding: $7.3M
- Latest round: Series A (Jan 5, 2021)
- Investors on record: 1

## About

Caveonix Inc. is a cybersecurity firm specializing in Continuous Cyber Compliance Automation, offering solutions that streamline compliance management and risk reporting for organizations across various sectors.Founded in 2017, Caveonix Inc. operates out of Falls Church, US, providing cybersecurity compliance solutions. The company was co-founded by Kaus Phaltankar and Tim Sullivan, with Kaus Phaltankar serving as the CEO. In January 2021, Caveonix raised USD 7.3 mn in a Series A funding round led by First In Capital, marking a pivotal moment in its growth trajectory. This funding round represents the total amount raised by the company thus far, indicating a strong support base for its operations.Caveonix specializes in Continuous Cyber Compliance Automation, providing solutions that enable organizations to manage and maintain compliance with cybersecurity regulations seamlessly. Their core offerings are designed to automate compliance audits, risk management, and reporting, addressing the challenges of traditional compliance methods. The company targets clients across sectors such as public services, financial services, and defense and aerospace, ensuring solutions are tailored to specific regulatory requirements. Caveonix's products integrate with existing systems, enhancing operational efficiency and minimizing compliance-related risks, with a notable presence in North America and Europe.Caveonix generates revenue through a subscription-based model, allowing clients ongoing access to their cybersecurity compliance solutions. This model supports direct transactions that may include tiered pricing based on implementation scale and features utilized. Their offerings are designed for both enterprise-level clients and smaller businesses, enhancing cybersecurity posture while facilitating compliance processes and reducing audit burdens.With the recent Series A funding of USD 7.3 mn raised in January 2021, Caveonix plans to develop new products focused on enhancing compliance automation and risk management capabilities. The company is targeting expansion into additional markets in North America and Europe, with an emphasis on regions experiencing regulatory changes. This funding will support the development and marketing of these upcoming solutions, aiming to meet the evolving needs of their client base and drive further growth.

## Funding rounds

- Series A, Jan 5, 2021, $7.3M — First In Capital

## Investors

- First In Capital (https://capitalatlas.ai/funds/first-in-capital) — Series A