Cloud security platform CloudKnox has bagged $10.75m in a funding round led by ClearSky Security.
Other participation to the round came from Dell Technologies Capital and Foundation Capital.
This capital injection comes in line with the launch of the CloudKnox Cloud Security Platform, a solution built to detect, remediate and prevent risks across hybrid-cloud infrastructure.
California-based CloudKnox provides a single platform to manage the entire identity privilege lifecycle across any private and public cloud. The solution, which is designed to support hybrid-cloud environments, helps reduce risks against compromised credentials, accidents and insider threats by utilizing activity-based access controls.
Through this software, a client can detect identities, such as service accounts, APIs, bots, contractors or employees, and see any unused privileges based on their activity – they can remove any usage right through one-click.
Its solution centralises identity privilege authorisation across all cloud systems including VMware vSphere, Amazon AWS, Microsoft Azure and Google Cloud. It is also able integrate with existing IT service workflow management tools.
With the boost in funding, CloudKnox is looking to grow out its engineering, sales and marketing teams.
ClearSky Security managing director Jay Leek said, “Enterprises today are focused on protecting their cloud environments by using tools that provide visibility into anomalous activity and then reacting to it.
“Security leaders should approach the security of their cloud environments differently by getting ahead of the risks. CloudKnox is providing a platform that allows enterprises to do that by addressing the biggest unmanaged risk from the over-provisioning of privileges.”
RegTech Analyst reported earlier in the year that ClearSky has raised up to $244.7m for its debut security fund, which has a $300m target. It is unclear if the fund has closed.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
