Committed funding of up to $10m gives AvalonX the headroom to scale Artemis and Aether, and to keep enterprise-grade offensive security within reach of businesses that have never been able to afford it.
AvalonX has secured a funding facility of up to $10m from Ridown Capital. The facility is committed and available to draw as the business grows, rather than taken as a single lump sum up front.
Capital that sits available is more useful to us than capital that sits spent. Drawing against the facility as we need it lets us scale the platform in step with demand, keep our options open on any future external round, and avoid raising more than the business can put to work.
The facility backs the continued development of Artemis, the platform that runs our fleet of autonomous offensive-security agents, and Aether, the security AI behind them — along with the engineering and expert testing capacity needed to serve more customers at the cadence they want.
Penetration testing has been structurally out of reach for most organisations: expensive, slow to arrange, and out of date by the time the report lands. Most businesses settle for one test a year, and attackers do not work to that schedule. Making continuous offensive security affordable is the whole point of AvalonX, and it is what this funding is for.
Ridown Capital is part of Ridown Group. Ridown Group co-founders Darren Ridge and Aaron Brown both sit on the AvalonX board as advisors, so this is related-party funding rather than an external round. Darren founded Onecom and grew it into one of the UK’s leading business telecoms providers; Aaron has spent more than two decades building and scaling companies across telecoms, cybersecurity, software and financial services.
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