Finnish venture capital firm Inventure has invested an undisclosed amount in Valo.ai, a San-Francisco-based software development startup. Spintop Ventures and notable angel investors from the cybersecurity field joined the funding round.
About Valo.ai
- Founded in 2023 in San Francisco by veterans of Salesforce and cybersecurity, Valo.ai is a software development company developing an AI-native tool for Salesforce that uses automation in SaaS services to identify and remedy misconfigurations at their root.
- Valo.ai aims to help CIOs, IT teams, and business owners to optimize their business needs, while maintaining security and monitoring connected applications.
Image — Valo.ai
Investment details
- The funding round was led by Inventure, a venture capital with offices in Helsinki and Stockholm that focuses on investments across Nordics and Baltics. Spintop Ventures from Stockholm, and cybersecurity experts Mikko Hypponen and Henri Lindberf also participated in the financing.
“Many SaaS security posture management solutions are broad in scope, but Valo is purpose-built for Salesforce, allowing administrators to adopt a proactive and automated approach. Tasks that typically take weeks for Salesforce administrators can now be accomplished in minutes with Valo,”
Jari Salomaa, CEO and co-founder of Valo, said.
- Although neither the startup nor the investors disclosed the deal’s amount, Inventure’s average ticket size ranges from €1 million to €3 million, while the lowest ticket is at least €300,000. And according to Spintop Ventures, its ticket size ranges from €500,000 to €1,5 million.
- Thanks to the fresh funding, Valo will be able to achieve its goal of significantly enhancing Salesforce administrators’ productivity while mitigating risks.
This is the second investment by Inventure announced this month. In July 2024, Inventure co-led a €4 million seed round for the Swedish startup Steep.
