London-based cloud-native digital forensics platform Cado Security announced in April 2021 that it has raised €8.3 million in a Series A funding round led by Blossom Capital along with participation from Ten Eleven Ventures.
The latest round brings the startup’s total capital raised to date to over €9.6 million.
The startup will use the proceeds from the funding round to fast-track its growth through the expansion of key functions including engineering, customer support and go-to-market operations.
About the startup
Cado Security was founded in 2020. The Code Response platform automates data collection from multiple sources, including cloud and containers, while also supporting traditional, on-premises systems to provide 100% of the data with no extra effort. Its patent-pending architecture scales up and down to provide rapid processing when needed, and save costs when not. Its analytics engine connects all systems, users, processes and files so analysts can immediately visualize the scope and conduct an investigation in aggregate, rather than analyzing at the system level, to get to the root cause of an incident quickly and precisely.
Statements from the stakeholders
Imran Ghory, partner at Blossom Capital said over the past year, enterprises have compressed their cloud adoption timelines while protecting the applications that enable their remote workforces. He added that as high-profile breaches like SolarWinds show, the complication of cloud environments makes rapid investigation and response extremely difficult since security analysts typically are not trained as cloud experts. He emphasized that Cado Security solves for this with an elegant solution that automates time-consuming tasks like capturing forensically sound cloud data so security teams can move faster and more efficiently. The opportunity to help Cado Security scale rapidly is a terrific one for Blossom Capital, he concluded.
Matt Georgy, CTO of [redacted] and Cado Security advisor said sophisticated threat actors are more proficient at using the complexity of cloud environments to their advantage. He also said that they use Cado Security to balance the playing field by enabling their analysts to move faster than the attackers in investigating malicious activity in the cloud. Cado’s solution is not only modern and scalable, but it also can ensure all legal and regulatory compliance standards have been met.
For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!