The company will use the funds to expand current offerings for securing public cloud infrastructure to serve new customers and markets.
Sydney, Australia and San Francisco, CA – August 1, 2018 — Cloud Conformity, a leader in public cloud infrastructure security and compliance monitoring, today announced a $2.8 million Series A funding led by Paladin Capital Group, with participation from Jump Capital. As part of the funding round, Tom Clute from Paladin Capital Group will join the board of directors and Saurabh Sharma from Jump Capital will join as a board observer. The investment follows 18 months of impressive growth, with Cloud Conformity providing real-time security and compliance for a global customer base spanning fifteen countries.
Cloud Conformity eliminates the complexity of maintaining real-time security and compliance for an ever-changing public cloud infrastructure footprint. Proactive monitoring, in conjunction with an out of the box end-to-end workflow, expedites a customer’s journey to the cloud and enforces the required visibility and controls necessary for critical workloads.
“I’m excited about continuing our expansion to support and grow our global customer base. Our end-to-end preventative, detective, and corrective infrastructure security solution is changing the way organizations utilize public cloud infrastructure” said Michael Watts, Co-Founder & CEO of Cloud Conformity. “This investment will enable us to expand the engineering team and continue to evolve the product as the market maturity and complexity of cloud computing increases, while simultaneously allowing the business to establish a commercial hub in North America and increase our market share.”
Michael Watts and Mike Rahmati founded the business in 2016 to enable organizations to leverage the full power of public cloud infrastructure, while ensuring continuous security and compliance is in place to proactively monitor rapidly changing workloads. The Cloud Conformity team is committed to providing customers with a user-friendly, simplistic solution to a complex business problem. The team is continuously improving and expanding the existing platform and remains committed to helping customers leverage the full power of public cloud infrastructure while ensuring their data and systems are secure and reliable.
“We are thrilled to be partnering with Cloud Conformity and look forward to helping them continue to scale the business” said Tom Clute, Senior Associate at Paladin Capital Group. “Security continues to be a major concern for enterprises when considering moving to the cloud and Cloud Conformity has emerged as a leader with an impressive list of enterprise customers.”
About Cloud Conformity
Cloud Conformity is an early stage cloud security company providing a software platform to help enterprise as well as small companies continuously monitor and secure their AWS cloud infrastructure. Cloud Conformity’s preventive, detective, and corrective security controls make it a true end-to-end cloud security solution and governance platform. Cloud Conformity’s solution provides real-time threat monitoring without performance impact, the largest automated best practice policy library in the market and simplified remediation capabilities. Importantly, the product suite’s excellent usability is a key driver of customer adoption as it enables IT/DevOps staff, regardless of technical acumen, to easily handle cloud security operations. Follow Cloud Conformity on Twitter @cloudconformity or visit their website at http://www.cloudconformity.com for more information.
About Paladin Capital Group
Paladin Capital Group was founded in 2001 and has offices in Washington DC, New York, Silicon Valley, London, and Luxembourg. As a multi-stage investor, Paladin focuses on best-of-breed companies with technologies, products and services that meet the challenging global cyber security and digital infrastructure resilience needs for commercial and government customers. Paladin has over $1 billion in committed capital across multiple funds. Follow the firm on Twitter @Paladincap or visit their website at http://www.paladincapgroup.com.
About Jump Capital
Jump Capital is an early and growth stage investment firm focused on opportunities in data-driven, enterprise software companies across a breadth of industries. With offices in Chicago and New York, Jump leverages its deep technical expertise and institutional-level operating resources to impact the success of its portfolio companies. For more information, visit http://www.jumpcap.com and follow on Twitter at @jumpcapital/