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The Venture Codex

Audeo Capital

Newbury Street, Boston, Massachusetts, 02116, United States

Overview

Audeo Capital is a venture capital firm investing in early-stage and startup technology companies. The firm maintains a highly focused, collaborative investment approach leveraging its extensive technology operating experience. It partners with exceptional leadership teams to help accelerate growth and drive customer value. Founded in 2018, Audeo Capital is headquartered in Boston, Massachusetts.

Total investments
2
Lead investments
1
Investments · 12mo
0
Active investors
2
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Investment portfolio

  • CyberSaint Security

    Participated · Series A · Mar 2024

    CyberSaint's CyberStrong platform uses patented AI to automate compliance, quantify cyber risk in financial terms, and align security programs with executive and board priorities. The platform includes features such as a Free Cyber Risk Analysis tool and recent remediation enhancements to optimize resource allocation and decision-making. CyberSaint has become a standard for cyber risk management across the Fortune 500 and announced a partnership with IBM Cloud's Security & Compliance Center. Since launching in 2016, the company has received industry recognition including Snowflake's State of Next‑Generation Cybersecurity Applications Report and Gartner’s Innovation Insight on Continuous Control Monitoring. The company plans to use new funding to build on customer momentum, accelerate global market expansion, and continue innovation of CyberStrong. Leadership additions such as Chief Product Officer Matt Alderman will lead product strategy and development initiatives. CyberSaint Security develops the CyberStrong platform, an integrated risk management solution that automates cybersecurity compliance, assessments, remediation planning, and reporting using AI and machine learning. The platform is built on the NIST Cybersecurity Framework and provides a single pane of glass for CISOs and security teams to measure, report, and mitigate risk. In 2018 the company reported record growth — a more than 400% increase in bookings in Q4 and 1100% growth in its customer base — and completed a $3 million funding round in March 2018 that the company said propelled expansion. CyberSaint expanded engineering, sales, and marketing teams by over 200%, added more than 10 partners to its partner program, moved its headquarters to the Boston Seaport Innovation District, and expanded its user base to three new continents. The company was awarded a patent for its AI and algorithms that automate risk mitigation action planning and emphasizes rapid time-to-value and automation to replace manual GRC processes.

  • Image Relay

    Led · Series A · Mar 2021

    Image Relay offers a cloud-based digital asset management (DAM) platform for teams to store, organize, manage, and share creative content. Founded in 2002 and based in Burlington, Vermont, the company began as a photographer’s solution for sharing images and has grown into an enterprise SaaS DAM provider. Its platform is used by more than 400 companies and over 100,000 professionals, including Ben & Jerry's, Citrix, SurveyMonkey, and others. Image Relay reported a successful year with significant growth and outstanding customer retention despite disruptions from the global pandemic and is consistently highly rated on G2. The company is a certified B Corporation (since 2014) and emphasizes UX and customer-focused product design. With new funding it plans product innovation, UX and architecture enhancements, dozens of integrations, expanded e-commerce content solutions, and growth in sales, marketing, and executive leadership.

Team

  • Robert Forman

    Managing Partner & Co-founder

    LinkedIn
  • Jared Melillo, PMP, CRMP, OSC

    Partner

    LinkedIn