DivvyCloud, a US-based provider of security and compliance automation solutions for public cloud and container infrastructure, on Wednesday announced that it raised $19 million in a growth round, which brings the total raised by the firm to $29 million.
The funding round was led by Providence Strategic Growth with participation from existing investors MissionOG and RTP Ventures. The money will be used to improve DivvyCloud technology and expand sales and marketing efforts.
Founded in 2013, DivvyCloud provides solutions designed to help security, operations, and GRC (governance, risk management and compliance) teams identify security risks and automatically address them.
DivvyCloud said it doubled its customer base and staff in the last 12 months. Its customers include Pizza Hut, CoStar and Kroger.
“Data breaches caused by misconfigurations of public cloud services have been dominating headlines in 2019 and are costing enterprises millions of dollars, needlessly,” said Brian Johnson, CEO and co-founder of DivvyCloud.
“DivvyCloud is uniquely positioned, with our approach to automation that uses real-time remediation to allow enterprises to fully realize the benefits of public cloud and container adoption without the risk of misconfigurations and other common security and compliance issues,” Johnson added. “With this funding, we intend to deliver specific product advancements; strengthen support for containers, cloud identity, and serverless; and broaden our market penetration to benefit companies around the globe. Our goal is to enable every enterprise in the world to be able to confidently and securely embrace cloud services to drive rapid innovation.”
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Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
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