Cado Security, a cloud-native digital forensic platform, has been closed £ 7.2 One million with Series A funding.
The total capital of the company raised Almost £ 8The .5m round was led by Blossom Capital and was attended by existing investors, including Ten Eleven Ventures.
The new funding will take place just six months after the company finishes the 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.
According to Gartner, nearly 70% of businesses 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. ..
“Over the past year, enterprises have shortened the cloud deployment timeline while protecting the applications that enable remote workers,” said Imran. Gory, Blossom Capital partner.
“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. It will be very difficult.
“”Cado Security solves this with an elegant solution that automates time-consuming tasks such as forensic-healthy cloud data capture, enabling security teams to 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 scales up and down to provide rapid processing when: Needed, and If not, you can save money. Its analytics engine correlates all systems, users, processes, and files, allowing analysts to instantly visualize scope and organize investigations together. Analysing To quickly and accurately understand the root cause of an incident at the system level.
“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: It states as follows.
“We have decades of experience helping businesses respond to cyber incidents and leverage their knowledge of cloud forensics to automate and centralize what they need to investigate breaches at cloud speed. This funding will allow us to significantly grow our team and increase the value of our Cado Response platform to our customers. “
Digital forensic platform Cado Security raises £ 7.2m
Source link Digital forensic platform Cado Security raises £ 7.2m