About Cavelo
Cavelo is a company based in Kitchener (Canada) founded in 2020.. Cavelo has raised $4.64 million across 2 funding rounds from investors including Inovia Capital, Graphite Ventures and MaRS IAF. Cavelo offers products and services including Data Discovery and Classification, Asset Discovery, Identity Access Management, and Risk-Based Vulnerability Management. Cavelo operates in a competitive market with competitors including Fortinet, Cylance, Scrut, Claroty and Wandera, among others.
- Headquarter Kitchener, Canada
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.64 M (USD)
in 2 rounds
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Latest Funding Round
$3.63 M (USD), Series A
Nov 10, 2023
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Investors
Inovia Capital
& 3 more
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Employee Count
Employee Count
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Products & Services of Cavelo
Cavelo offers a comprehensive portfolio of products and services, including Data Discovery and Classification, Asset Discovery, Identity Access Management, and Risk-Based Vulnerability Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Continuously scans and classifies sensitive data for security.
Identifies and tracks network devices to mitigate risks.
Manages permissions to protect sensitive data access.
Prioritizes and addresses business risks from vulnerabilities.
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Funding Insights of Cavelo
Cavelo has successfully raised a total of $4.64M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.63 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.6M
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First Round
First Round
(04 Feb 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series A - Cavelo | Valuation | Inovia Capital | |
| Feb, 2021 | Amount | Seed - Cavelo | Valuation | MaRS Investment Accelerator Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cavelo
Cavelo has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Inovia Capital, Graphite Ventures and MaRS IAF. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are provided by Graphite Ventures.
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Founded Year | Domain | Location | |
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Early-stage technology startups are supported through investments by MaRS IAF.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cavelo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cavelo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cavelo Comparisons
Competitors of Cavelo
Cavelo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fortinet, Cylance, Scrut, Claroty and Wandera, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud security posture management solutions are provided by the platform.
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| domain | founded_year | HQ Location |
Machine learning-based threat detection for endpoint devices is delivered.
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| domain | founded_year | HQ Location |
Cloud based platform offering GRC management solutions
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| domain | founded_year | HQ Location |
Industrial cybersecurity for IoT systems is delivered through cloud-based solutions.
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| domain | founded_year | HQ Location |
Mobile data gateway based mobile threat prevention & compliance
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| domain | founded_year | HQ Location |
Cloud-based security analytics solution for anomaly detection and incident response
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cavelo
Frequently Asked Questions about Cavelo
When was Cavelo founded?
Cavelo was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Cavelo located?
Cavelo is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Is Cavelo a funded company?
Cavelo is a funded company, having raised a total of $4.64M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.02M, raised on Feb 04, 2021.
What does Cavelo do?
Cavelo was founded in 2020 and is based in Kitchener, Canada. Solutions for data discovery and management are offered to businesses within the cybersecurity sector. Key features encompass data risk management, encryption, and security information and event management. An automated platform is utilized for discovery, classification, and reporting of data, enabling risk reduction and regulatory compliance across operations.
Who are the top competitors of Cavelo?
What products or services does Cavelo offer?
Cavelo offers Data Discovery and Classification, Asset Discovery, Identity Access Management, and Risk-Based Vulnerability Management.
Who are Cavelo's investors?
Cavelo has 4 investors. Key investors include Inovia Capital, Graphite Ventures, MaRS IAF, and Mark Morin.
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