Aeon, a Nigerian cybersecurity startup building a platform to help high-trust organisations protect critical digital infrastructure, has raised $1 million in a pre-seed round led by defence-tech startup Terra Industries.
Resilience 17, the venture fund founded by Flutterwave co-founder and chief executive officer Olugbenga Agboola, Kaleo, DFS Labs, Ajim Capital, and Seedstars also participated in the funding round.
Aeon will use the funding to develop its cybersecurity products, expand business development, and turn existing pilots with financial services and cloud infrastructure companies into commercial deployments.
The raise comes as African businesses and governments face a growing cyber threat landscape. INTERPOL estimated that cyber incidents across the continent caused more than $3 billion in financial losses between 2019 and 2025. In its 2026 assessment, the organisation said artificial intelligence (AI) is now linked to 55% of reported cybercrimes in Africa.
Originally published by TechCabal.