Aura, an AI-enabled digital protection platform, has announced that it has officially shut down its Series G funding round, raising $140 million in equity and debt, and raising its valuation to $1.6 billion. The round was first closed in August 2024.
Ten Eleven Ventures and Madrone Capital led the round and joined by new investors AT&T Ventures. Existing Investors Common catalysts, Warburg Pincus and Axel also participated in the round.
What it does
Boston-based Aura offers AI-enabled online protection to families and individuals in the form of defense against identity theft, fraud and online threats. The company says it has partnered with child psychologists to create an online tool to protect children from online bullying. Caregivers also gain insight into supporting healthy screen times and overall well-being of children.
Parents can also set screen time limits, block inappropriate websites, and get real-time alerts about cyberbullying and predators in online games.
Additionally, all adult members of Aura receive $1 million in insurance against losses and fees due to identity theft and data security and privacy. Members will also receive credit monitoring, spam call protection, a password manager, and antivirus software.
The company will use its funds to expand its intelligent safety features.
“Aura’s innovative and comprehensive approach to online digital health and safety clearly positions it as a leader in protecting families in an increasingly connected world,” said Alex Doll, founder and general partner of Ten Eleven Ventures in a statement.
“At Ten Eleven Ventures, we quickly recognized the key value that Aura’s integrated, dedicated suite of digital wellness products can offer families rather than focusing on individuals and isolated devices.
Market Snapshot
The round marks the company’s first funding since its separation from the previous Pango group Point Wild in May 2024.
Researchers discovered Established links between cyberbullying and physical and mental health issues among mid- and high school adolescents in the United States. Problems include depression, substance use, somatic symptoms and suicide.
Other companies that use AI and behavioral analytics to protect children online include UK company safety and US-based Gaggle. The Gaggle monitors student communications using school-issued technology to identify self-harm and substance abuse in cyberbullying.
