United Ventures invests 8 million in Avaneids, data security for artificial intelligence

Without data, artificial intelligence can do little. And, especially when this is sensitive data, it needs secure storage and management. This is the direction of United Ventures' latest operation, an EUR 8 million Series A round invested in Avaneidi, a start-up based in Saronno, in the province of Varese, specialising in secure corporate data storage systems.

Advances in Avaneidi's storage technology improve performance, security and reduce power consumption. The Saronno-based company's Enterprise Solid State Drives (ESSDs) utilise 'customised chips and advanced algorithms, providing a tailor-made solution optimised for high-performance and cybersecurity applications,' the release explains.

"I have always been involved with memories. For many years they were considered uninteresting components, then with the arrival of the ssd, solid memories, everything changed because in smartphones the enabling technologies are touch and memories,' explains Rino Micheloni, ceo of Aveneidi, thirty years of experience in the sector. Non-volatile memories have merits but also drawbacks: they are not very secure. A few years ago after a life between Germany, South Korea and the United States, I returned because storage was not a significant industry in Eurooa, now there is more awareness'.

Avaneidi was born in 2020 and a team that brings together storage industry veterans with young engineers.

The start-up, Micheloni continues, deals with 'data security and all-round management. In other words data governance. Clearly this assumes a key role in a context where data are crucial for artificial intelligence. We ensure that it can be managed in a secure and controlled manner, including from a cybersecurity perspective. Security starting with the hardware'.