Cado Security, which claims to offer the first cloud forensics and incident response platform, has closed its latest funding round on $20m.
Global investment company Eurazeo served as the lead investor. Ten Eleven Ventures also committed capital to the round.
With the capital, the CyberTech company hopes to bolster its growth efforts by expanding internationally. It will also bolster its product development, accelerate its go-to-market strategies and boost its sales and marketing.
Cado Security provides forensic-level detail into cloud, container and serverless environments, offering automated data capture, rapid parallel processing and streamlined investigation and response.
According to its website, Cado claims that cyber attackers are moving to the cloud. However, when security teams need to respond to a threat, it’s complex and time consuming. To solve this, Cado leverages the scale, speed and automation of the cloud to expedite forensics and incident response.
Last year, Cado Security made its services available in the Microsoft Azure Marketplace and AWS Marketplace.
Cado Security CEO and co-founder James Campbell said, “Rapid, strategic innovation has enabled us to grow quickly and effectively. As a platform purpose-built for the cloud, we are providing the solutions needed so that security teams can drastically speed up incident response in the cloud.
“Nearly half of today’s breaches are cloud based, and with more than 60% of corporate data currently stored in the cloud, it’s more important than ever to provide cutting-edge solutions that enable organisations to appropriately handle this increasing risk in cloud environments.”
With the close of the round, the company has raised a total of $31.5m in funding.
In other CyberTech news, PayPal Ventures invested in Deep Instinct, a company claiming to be the first to apply deep learning to cybersecurity. The funding will help further accelerate Deep Instinct’s growth, driven by its disruptive threat prevention technology.
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