CyberTech startup oak9 collects $8m in funding

oak9, a developer of infrastructure as code security software, has collected $8m in a funding round from Cisco Investments and Morgan Stanley’s Next Level Fund.

The round was also joined by existing backers Menlo Ventures, which led the round, and HPA, which tripled its investment into oak9.

With the funds, the company plans to grow its free Community Edition service. Capital will also help oak9 launch a next-gen security-as-code offering to make cloud native security more accessible.

Over the past 15 months, the company has raised a total of $14m in funding. The company previously raised $5.9m in its seed round back in June 2021.

The company secures cloud-native infrastructure for developers. Its security-as-code continuously finds, analyses and remediates security and compliance issues in real-time.

oak9 co-founder and CEO Raj Datta said, “It’s a critical time in the IaC security space. We’re seeing it all over the market: companies simply cannot hire enough security engineers to ensure proper security in their IaC and cloud environments.

“Budgets across the industry are being slashed and many companies are short on talent at a time when we need more of it, not less. oak9 helps alleviate that problem, reducing both costs and exposure by automating security so you can do more with less.”

The company recently moved into a new global headquarters in Chicago and opened a new office in India.

Fellow CyberTech company to raise funds this week by Normalyze. The data-first cloud security platform raised $22.2m in its Series A funding round, which was co-led by Lightspeed Venture Partners and Battery Ventures.

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