Aeon Secures $1M Funding for Cybersecurity Expansion

Aeon, a Nigerian cybersecurity startup focused on protecting critical digital infrastructure for high-trust organizations, has successfully raised $1 million in a pre-seed funding round led by Terra Industries, a defence-tech startup. The funding round also saw participation from Resilience 17, a venture fund founded by Flutterwave co-founder and CEO Olugbenga Agboola, along with Kaleo, DFS Labs, Ajim Capital, and Seedstars.

The funds will be utilized to develop Aeon's cybersecurity products, expand business development efforts, and convert existing pilots with financial services and cloud infrastructure companies into commercial deployments. This funding comes at a time when African businesses and governments are increasingly vulnerable to cyber threats, with INTERPOL estimating over $3 billion in financial losses due to cyber incidents from 2019 to 2025.

Samuel Ogbonyomi, co-founder and CEO of Aeon, stated that the platform aims to provide a comprehensive view of security exposure for organizations, allowing them to manage their entire attack surface effectively.