- With USD 20 million in additional funding, Cado Security intends to expand internationally while accelerating its sales and marketing efforts.
- Both the Microsoft Azure Marketplace and the AWS Marketplace sell Cado Security. Riot Games Inc., Sandia National Laboratories, J Sainsbury Plc, Sophos Ltd., and Wyndham Hotels & Resorts Inc. are a few notable clients.
Cado Security Ltd., a startup developing a cloud forensics and incident response platform, recently announced that it has raised USD 20 million in new funding for product development and further global expansion.
Regarding incident response in the cloud, Cado Security, founded in 2020, positions itself as providing forensic-level details without forensic-level effort. The company’s platform supports complex multi-cloud environments, systems, and regions while leveraging the cloud’s scale, speed, and automation to speed up forensics and incident response.
Compared to what previously took days, Cado users can analyze data in minutes with forensic-level detail to understand the full impact of cloud incidents. The platform automates data collection and examines hundreds of data sources, including disk, memory, and logs from cloud providers.
According to the company, the platform automatically surfaces critical incident details, such as the root cause, compromised roles and assets, and a full timeline of events. It also supports one or more concurrent investigations at once.
Both the Microsoft Azure Marketplace and the AWS Marketplace sell Cado Security. Riot Games Inc., Sandia National Laboratories, Sophos Ltd., J Sainsbury Plc, and Wyndham Hotels & Resorts Inc. are a few notable clients.
Co-founder and chief executive of Cado Security, James Campbell, said in a statement, “As a platform purpose-built for the cloud, we are providing the solutions needed so that security teams can drastically speed up incident response in the cloud. Nearly half of today’s breaches are cloud-based, and with more than 60% of corporate data currently stored in the cloud, it’s more important than ever to provide cutting-edge solutions that enable organizations to appropriately handle this increasing risk in cloud environments.”
Eurazeo S.A. and Ten Eleven Ventures LLC took the lead in the Series B round. Cado Security has raised USD 31.5 million in total, including the latest round. Post investors like Blossom Capital LLP and CyLon Ventures Ltd. invested again.