Cloud Conformity, a provider of public cloud infrastructure security and compliance monitoring solutions, has raised $2.8m in Series A funding.
The round was led by Paladin Capital Group, with participation from Jump Capital. As part of the funding round, Tom Clute from Paladin Capital Group will join the board of directors and Saurabh Sharma from Jump Capital will join as a board observer.
Based in Pyrmont, Australia, Cloud Conformity claims to ‘eliminate the complexity of maintaining’ real-time security and compliance.
The early stage cloud security company provides a software platform to enable IT/DevOps staff at enterprises as well as small companies to continuously monitor and secure their AWS cloud infrastructure. Its solution provides real-time threat monitoring without performance impact, the largest automated best practice policy library in the market and simplified remediation capabilities.
Michael Watts and Mike Rahmati co-founded the business in 2016 to enable organisations to use the public cloud infrastructure, while ensuring continuous security and compliance is in place to proactively monitor rapidly changing workloads.
“I’m excited about continuing our expansion to support and grow our global customer base, said Watts. “Our end-to-end preventative, detective, and corrective infrastructure security solution is changing the way organisations utilize public cloud infrastructure.
“This investment will enable us to expand the engineering team and continue to evolve the product as the market maturity and complexity of cloud computing increases, while simultaneously allowing the business to establish a commercial hub in North America and increase our market share.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
