Anitian, a provider of pre-engineered cloud security and compliance automation, has netted $55m in its Series B round.
Silicon Valley-based Sageview Capital, with commitments also coming from existing investor Forgepoint Capital.
With the capital, the RegTech company will bolster its expansion efforts and further the transformation of its cloud security and compliance automation services.
As part of the deal, Sageview Capital co-founder and partner Ned Gilhuly will join the Anitian board of directors.
Anitian makes cloud applications secure and compliant so clients can enter new markets and unlock revenue within weeks, it claims.
The SecureCloud platforms unify DevOps and security to streamline compliance and security in the cloud.
Anitian CEO Rakesh Narasimhan said, “Cloud infrastructure security and compliance has become a massive inhibitor for enterprises trying to move at the speed of cloud. DevOps and security teams are distracted by having to spend precious time, money, and resources building secure and compliant cloud application environments instead of focusing on the company’s core mission. This delays time to market and revenue while increasing risk and non-compliance.”
With the close of the round, the company has raised a total of $71m in funding. It previously closed its Series A in February 2019. Since then, it has tripled its growth and customer rate in 2020 and 2021.
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