Paladin led Cloud Conformity’s first institutional round of capital in July 2018
WASHINGTON, DC, October 21, 2019 – Paladin Capital Group – a multi-stage investment firm focused on cybersecurity – announced the successful exit of its investment in Cloud Conformity, a leading Cloud Security Posture Management (CSPM) company, to Trend Micro.
Cloud Conformity, which has offices in Sydney, San Francisco, and London, launched commercially in 2017. Paladin led Cloud Conformity’s Series A financing in July 2018 at a time when the company only had 11 employees. The Company grew rapidly, expanding to over 50 employees and customers across multiple continents in 14 months. Additionally, they were named AWS Technology Partner of the Year in 2019.
Since founding, Cloud Conformity has been an innovator providing the largest library of over 570 best practices, real-time threat monitoring, and auto-remediation. The Company recently released template scanning, which allows organizations to shift left to detected and easily remediate from the earliest phase of the CI/CD pipeline.
“Cloud Conformity pioneered a new category of enterprise security to solve a pain point that is high on the priority list for CISOs and IT Ops teams,” said Tom Clute, Board Member at Cloud Conformity and Vice President at Paladin Capital Group. “As organizations continue to invest in digital transformation technologies, the building and deployment of cloud services enabling scalability, cloud security is often an afterthought because of time constraints, lack of skilled resources and knowledge gaps. Cloud Conformity’s automated platform enables organizations to enhance security and provide superior management of cloud infrastructure.”
“We’re proud of the guidance and support we were able to provide Cloud Conformity and are absolutely thrilled with the outcome for the Company and for our investors” said Michael R. Steed, Founder and Managing Partner of Paladin Capital Group. “Cloud Conformity’s successful exit showcases the importance of enabling security and IT employees to operate faster and more accurately, providing further validation of Paladin’s approach to cyber investing.”
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, visit their website at www.paladincapgroup.com