When was Cavelo founded?

Cavelo was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is Cavelo located?

Cavelo is headquartered in Kitchener, Canada.

How many employees does Cavelo have?

As of Dec 31, 2024, the latest employee count at Cavelo is 16.

Is Cavelo a funded company?

Cavelo is a funded company, having raised a total of $4.64M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 04, 2021.

When was the latest funding round of Cavelo?

Cavelo's latest funding was a $***** Series A round on Nov 10, 2023, with participation from 2 investors. Its primary sector is Cybersecurity. Globally, the Cybersecurity sector has seen $2.63B in funding in 2026 to date.

Where does Cavelo rank among its competitors?

Cavelo ranks 142nd amongst 976 active competitors, of which 139 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Seclore, which secured $1M in Oct, 2025.

Who are the top competitors of Cavelo?

Cavelo's top competitors include Palantir, Rubrik and Druva. Among them, Seclore secured the most recent funding round in October, 2025.

Cavelo - 2026 Company Profile, Funding & Competitors

Cavelo is a series A company based in Kitchener (Canada), founded in 2020. It operates as a Provider of attack surface management platform for data protection and compliance. Cavelo has raised $4.64M in funding from Inovia Capital and MaRS IAF. The company has 976 active competitors, including 139 funded and 103 that have exited. Its top competitors include companies like Palantir, Rubrik and Druva.

Company Details

Provider of attack surface management platform for data protection and compliance. The platform helps businesses reduce cybersecurity risk through automated data discovery, classification, and reporting. It continuously scans and identifies sensitive data across organizations, simplifying compliance reporting and risk remediation. The platform offers features such as vulnerability management, configuration management, and asset discovery.

Website: www.cavelo.com/
Social
Email ID: *****@cavelo.com

Key Metrics

Founded Year

2020

Location

Kitchener, Canada

Stage

Series A

Total Funding

$4.64M in 2 rounds

Latest Funding Round

Series A, Nov 10, 2023, $*****

Investors

Inovia Capital & 3 more

Ranked

142^nd among 976 active competitors

Employee Count

16 as on Dec 31, 2024

Similar Companies

Seclore & 411 more

View Cavelo's full profile

Cavelo has raised a total funding of $4.64M over 2 rounds. Its first funding round was on Feb 04, 2021. Its latest funding round was a Series A round on Nov 10, 2023 for $*****. 2 investors participated in its latest round. Cavelo has 3 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Cavelo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 10, 2023	3654040	Series A	7067000	2767070	8336879	9112429
Feb 04, 2021	3454667	Seed	9516453	2866404	MaRS IAF	4154271

Access funding benchmarks and valuations. Sign up today!

View details of Cavelo's funding rounds and investors

Cavelo's employee count trend

Cavelo has 16 employees as of Dec 24. Here is Cavelo's employee count trend over the years:

Uncover Cavelo's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Cavelo include Palantir, Rubrik and Druva. Here is the list of Top 10 competitors of Cavelo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Palantir 2003, Denver (United States), Public	Platform that provides data analysis and management solutions	$2.46B	Founders Fund, IQT & 164 others	82/100
2nd	Rubrik 2014, Palo Alto (United States), Public	Provider of cyber resilience platform for data and identity security	$553M	IVP, Bain Capital Ventures & 50 others	79/100
3rd	Druva 2008, Santa Clara (United States), Series H	Provider of cloud-based platform for data protection, security, and governance	$475M	Viking Global Investors, Riverwood Capital ... & 41 others	78/100
4th	Seclore 2008, Mumbai (India), Series D	Provider of data-centric security software for preventing data theft and compliance	$51.2M	Helion Venture Partners, Ventureast & 39 others	76/100
5th	Vanta 2018, San Francisco (United States), Series D	Provider of a platform for automating security and compliance programs	$504M	Sequoia Capital, Wellington & 22 others	74/100
6th	AuditBoard 2014, Cerritos (United States), Acquired	Provider of audit, compliance, and risk management software platform	$43.6M	Vebu, Mucker & 5 others	72/100
7th	Varonis 2003, Herzliya (Israel), Public	Provider of a platform for automated data security and compliance	$18.6M	EMC, TriplePoint Capital & 6 others	70/100
8th	GBTEC 2005, Bochum (Germany), Acquired	Cloud-based business process management software	$34M	Morado Ventures, Recruit Holdings & 1 others	69/100
9th	Fortanix 2016, San Francisco (United States), Series C	Provider of data security platform leveraging confidential computing and runtime encryption	$122M	Goldman Sachs, Intel Capital & 9 others	69/100
10th	Bluefin Payment Systems 2007, Atlanta (United States), Acquired	Hosted payment gateways and PoS systems	$31M	Macquarie, Camden Partners & 4 others	68/100
142nd	Cavelo 2020, Kitchener (Canada), Series A	Provider of attack surface management platform for data protection and compliance	$4.64M	Inovia Capital, MaRS IAF & 2 others	38/100