OpsCompass, a cloud governance and compliance company, has secured ‘key funding’ which will support its product expansion.
The round was led by Invest Nebraska and also received contributions from Dundee Venture Capital, Nebraska Angels, M25, and NelNet corporation. In its initial growth, OpsCompass was supported by a number of Nebraska programs provided by the development of Department of Economic Development.
Capital from this round will be used to further its expansion across central US, train strategic service partners and hire more staff to support its multi-cloud expansion and product enhancements.
OpsCompass’ Helm solution provides businesses with continuous governance and compliance of their public cloud operations. Its solution offers a real-time monitoring of governance across multiple cloud systems and ensuring their security it optimised.
The platform monitors the cloud infrastructure and alerts of any high-risk changes. In addition to this, Helm continuously checks whether a business is compliant in the cloud and meet the necessary regulatory benchmarks.
OpsCompass president Manny Quevedo said, “We are very grateful that so many important investors decided to support our growth. The public cloud is an undeniable presence in the age of digital transformation. They are powerful, fast and economically sound, but only if you apply proper governance and the same best practices we have used for years in the compliance and security industries. Like any great utility, it must be monitored, directed and managed.”
Cloud solutions have received a lot of attention this year. Earlier this month, Cloudflare raised $150m in a funding round from investors including Franklin Templeton. The company runs an online network which powers more than 10 trillion requests a month, offering video streaming, performance tools, and online security tools.
Copyright © 2018 RegTech Analyst
