Fugue, which automates security and compliance in the cloud, has named Will Dunbar and John Morris to its board of directors.
Dunbar co-founded Core Capital Partners in 1999 and has served as managing director since then. He focuses on investments in enterprise-related SaaS and internet technology companies and currently serves on the boards of a number of other early-stage companies.
He replaces Pascal Luck as the Core Capital Series A designee to Fugue’s board of directors.
Morris most recently served as president and CEO of Cleversafe, a venture-backed software company providing clients with large-scale content repository, backup, archive, collaboration, and storage-as-a-service offerings. Cleversafe was acquired by IBM for $1.3bn in 2015. Previously, as EVP of Worldwide Field Operations at Juniper Networks, he added more than $1bn to the company’s top line.
Frank Slootman, chairman and former CEO of ServiceNow, has been added to Fugue’s board of advisors.
Josh Stella, Fugue’s CEO and co-founder, said: “John has had a storied career of success in both large companies and in scaling startups to great effect. Core Capital Partners has been a Fugue supporter from the earliest days, and Will understands the great value Fugue offers now and our vision for the future. As for Frank, his track record of success, knowledge of how to scale, and passion for our mission make him a profound addition to Fugue.”
Frederick, Maryland-based Fugue is a cloud infrastructure automation and security solution that enforces security and compliance policies across the organisation. It applies content libraries as policy as code to validate whether infrastructure is in compliance with regulations or standards such as NIST 800-53, HIPAA, CIS Benchmark, and GDPR.
To date, the company has raised more than $74m from the likes of New Enterprise Associates, Future Fund, Maryland Venture Fund and Core Capital Partners.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
