Vawlt, a spin-off from LASIGE, has managed to raise 2.15 million euros and three new investors – Lince Capital, Basinghall and Beta Capital –  joining the initial investors Armilar Venture Partners, Shilling VC and two individuals (former Cisco and OVHcloud executives), to further boost the innovation of its product.

Vawlt creates virtual storage services adapted to users’ specifications, easy to integrate into any type of infrastructure and its mission is to be a leading solution in the movement of data to the cloud, enabling companies to increase their standards of security and efficiency without compromising their focus on the business.

In 2019 the spin-off was founded by Alysson Bessani, LASIGE’s director, and the former members Ricardo Mendes and Tiago Oliveira, and with this new operation, Vawlt’s total investment to date has reached three million euros.