Cloud security platform DivvyCloud nets $19m in growth funding round
DivvyCloud, a security and compliance automation developer for cloud infrastructure, has netted $19m in a growth funding round.
The capital injection was led by Providence Strategic Growth, with participation also coming from existing backers MissionOG and RTP Ventures. Following this latest funding, the company has raised a total of $29m in equity.
With these new funds, the company will be able to enhance its technology for cloud security, as well as expand its sales and marketing efforts to meet increasing demand. Some of the new products it is looking to explore include extending policy enforcement capabilities into continuous integration and delivery pipelines.
It also is looking to deepen integrations with third-party solutions.
Founded in 2013, DivvyCloud aims to give enterprises the capabilities of improving security, taking more control and minimising the risk of their use on public cloud and container infrastructure. Clients can leverage the platform to identify risks in real-time and automate the responses.
The platform is capable of preventing data breaches, weak authentication, account hijacking, misconfigurations, malicious users, and invalid user permissions, among others. By ensuring a client is safe on these cloud networks, it can help with compliance of GDPR, PCI DSS, HIPAA, CIS and SOC 2, among others.
DivvyCloud CEO and co-founder Brian Johnson said, “DivvyCloud is uniquely positioned, with our approach to automation that uses real-time remediation to allow enterprises to fully realize the benefits of public cloud and container adoption without the risk of misconfigurations and other common security and compliance issues.
“With this funding, we intend to deliver specific product advancements; strengthen support for containers, cloud identity, and serverless; and broaden our market penetration to benefit companies around the globe. Our goal is to enable every enterprise in the world to be able to confidently and securely embrace cloud services to drive rapid innovation.”
As part of the funding round, Providence Strategic Growth managing director Brian J. Shin has joined the DivvyCloud board of directors.
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