Sweet Security, a pioneering cloud security firm, has recently closed a $33m Series A funding round, which was led by Evolution Equity Partners and saw contributions from Munich Re Ventures and Glilot Capital Partners.
At its core, Sweet Security is dedicated to transforming how businesses secure their cloud environments. Utilising a unique blend of behavioral analysis and deep runtime analysis, Sweet’s technology is designed to identify and mitigate cloud risks that matter the most.
Their platform stands out for its ability to provide first-to-market technology focusing on non-human identities and posture in runtime environments, thereby addressing a critical gap in current cloud security practices.
The primary use of the newly acquired funds will be to scale Sweet’s operations within the U.S. market and to further develop its platform. This includes the recent enhancements to its unified runtime platform, which now boasts capabilities for runtime posture enhancement and management of runtime non-human identities.
Cyrus Tibbs, Chief Information Security Officer at PennyMac, lauded the platform for transforming their cloud security posture. “We piloted Sweet for its cloud attack detection capabilities and kept it because the runtime insights it provides also transform the way we manage our vulnerabilities. Sweet’s runtime suite enables us to be much more precise and strategic in how we secure, configure and lock down our cloud workloads. The value it provides exceeded our expectations.”
Reflecting on the journey and future aspirations, Sweet Security’s co-founder and CEO, Dror Kashti, shared his thoughts on the funding round. “At first, our broad vision for cloud runtime security was met with skepticism, but we trusted our experience because we have lived the pain our customers experience every day and we knew we could build something they’d love.”
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