Cado Security closes $ 10 million in funding to accelerate adoption of the first and only cloud-native digital forensic platform
Blossom Capital leads Series A investment round. The Cado Security Platform enables security teams to effectively investigate and respond to cyber incidents at cloud speed.
London – April 15, 2021 – – Kad SecurityAnnounced today that it is the first and only provider of cloud-native digital forensics platforms to complete Series A funding of $ 10 million and raise its total capital to $ 11.5 million. Blossom Capital’s new funding, with the participation of existing investors, including Ten Eleven Ventures, will take place just six months after the company finishes its seed round due to the high demand for the platform. The new capital will be used to accelerate Cado Security’s growth through the expansion of key features such as engineering, customer support and market launch operations.
by GartnerNearly 70% of companies plan to accelerate spending on cloud services in 2021. As more data moves to the cloud, attacks on cloud infrastructure have increased significantly, putting new pressure on security teams to take immediate action. Today, when a cyber incident occurs in the cloud, forensic analysts spend countless days using patchwork, a basic tool for manually collecting and processing the data needed for investigations. ..
Imran Ghory, a partner at Blossom Capital, said: “But as high-profile breaches like SolarWinds show, security analysts are usually not trained as cloud experts, so the complexity of the cloud environment allows for rapid investigation and response. Cado Security solves this with an elegant solution that automates time-consuming tasks such as capturing forensically sound cloud data, helping security teams move faster and more efficiently. The opportunity to support the rapid expansion of Cado Security is a great opportunity for Blossom Capital. “
When a security team detects malicious activity in a cloud environment, they need to respond immediately to triage and understand the incident. During this process, forensic analysts typically have less than 5% of the data available to conduct a survey. With so little information, we often decide that it is not worth further investigation because of the level of effort required to dig deeper.
The Cado Response platform automates data collection from multiple sources, including the cloud and containers, while supporting traditional on-premises systems to deliver 100% of your data without extra effort. Its patent-pending architecture provides rapid processing when needed, otherwise scales up and down to save costs. Because its analysis engine correlates all systems, users, processes, and files, analysts can instantly visualize the scope and run the investigation together, rather than analyzing at the system level. You can quickly and accurately identify the root cause.
“Advanced threat actors are good at taking advantage of the complexity of cloud environments,” said CTO Matt George. [redacted] And Kad Security Advisor. “We use Cado Security to level the competition by allowing analysts to move faster than attackers when investigating malicious activity in the cloud. Not only is it up-to-date and scalable, it ensures that it meets all regulatory compliance standards. “
“Legacy forensic tools were built decades ago to support on-premises environments, but the problem is that the data is no longer there. James Campbell, CEO and co-founder of Cado Security, said: “We help companies respond to cyber incidents and leverage their knowledge of cloud forensics to automate and centralize what they need to investigate breaches at cloud speed. It brings decades of experience with us. This funding will allow us to significantly grow our team and increase the value of our Cado Response platform to our customers. “
For more information on the Cado Security platform and requesting a demo, please visit: https://www.cadosecurity.com/..
About Kad Security
Cado Security provides the first and only cloud-native digital forensic platform for enterprises. Cado Security automates the capture and processing of data across cloud and container environments, enabling security teams to effectively investigate and respond to cyber incidents at cloud speed. Backed by Blossom Capital and Ten Eleven Ventures, Cad Security is based in London. For more information, please visit: https://www.cadosecurity.com/ Or follow us on Twitter @cadosecurity..
About Blossom Capital
Blossom is a VC fund that connects US know-how, expertise, networks and ambitions with Europe’s unparalleled opportunities. Blossom focuses on early-stage investment in consumers and businesses, especially on finance, design, markets, travel, developer tools, infrastructure and API-first companies. Based in London and covering the whole of Europe, Blossom defends the next European startup that can compete with top-ranked VC investors in Europe and the United States and take the world stage. For more information www.blossomcap.com..
About Ten Eleven Ventures
Ten Eleven Ventures is the first venture capital firm focused solely on investing in digital security. The company invests globally and at all stages, from seed to growth (the latter through a joint investment alliance with KKR). Since its founding in Silicon Valley in 2015, Ten Eleven Ventures has raised nearly US $ 500 million and invested in 27 major cybersecurity companies such as Twistlock, Verodin, Cylance, KnowBe4, Darktrace and PingIdentity. For more information, please visit: www.1011vc.com Or follow us on Twitter @ 1011vc.
Cado Security Secures £ 7.3m in Series A Investment Led by Blossom Capital – UK Tech Investment News
Source link Cado Security Secures £ 7.3m in Series A Investment Led by Blossom Capital – UK Tech Investment News