Wednesday, October 25, 2017

Avalon Ventures Backs Averon

La Jolla-based Avalon Ventures is the lead investor in the Series A round for Averon, a developer of mobile identity verification software this week. Averon, which is based in San Francisco, said it has raised $8.3M in a Series A funding. Averon develops a mobile identity system which uses real-time, mobile network information--including SIM cares and location--to provide secure user verification for banking and e-commerce, fraud prevention, smart vehicles and homes, blockchain and IoT devices. Avalon's Rich Levandov and Brady Borhmann both join Averon's board with the funding round.