Cado Security, a London, UK-based provider of cloud forensics and incident response platform, announced that it raised $20 million in funding, bringing the company’s total investment to $31.5 million.
The round was led by Eurazeo, a leading global investment company, and joined by Ten Eleven Ventures, the original cybersecurity-focused, global, stage-agnostic investment firm.
The funds will build on the company’s impressive growth and momentum by further enabling its global expansion and continued innovation through product development, accelerating go-to-market strategies, and growing sales and marketing.
“Rapid, strategic innovation has enabled us to grow quickly and effectively. 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,” said James Campbell, CEO and Co-founder of Cado Security. “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. We are pleased to be working with such world-renowned investors and technology leaders. With their support, combined with our team and continued momentum, we will continue to pave the path as the leader in this critical and rapidly growing segment of cloud security.”
The Cado platform effortlessly provides forensic-level detail in cloud, container, and serverless environments, delivering automated data capture, rapid parallel processing, and streamlined investigation and response.
Over the past year, Cado Security has experienced accelerated growth and achieved significant milestones, including its availability in the Microsoft Azure Marketplace and AWS Marketplace.
Additionally, in recognition of its platform’s ability to provide comprehensive cloud forensics and incident response capabilities, Cado Security was featured in CRN’s 2023 Security 100 List and selected as one of 10 finalists for the RSA Conference 2022 Innovation Sandbox Contest.
Company: Cado Security Ltd.
Raised: $20.0M
Round: Unknown
Funding Month: March 2023
Lead Investors: Eurazeo
Additional Investors: Ten Eleven Ventures
Company Website: https://www.cadosecurity.com/
Software Category: Cloud Forensics and Incident Response Platform
About the Company: Founded by Chris Doman and James Campbell to enable security teams to quickly understand and respond to cloud threats without delays or headaches, Cado Security is the provider of the first cloud forensics and incident response platform. By leveraging the scale and speed of the cloud, the Cado platform automates forensic-level data capture and processing across cloud, container, and serverless environments. Cado captures forensic data from compromised systems and enables security analysts to rapidly sift through the evidence and collaborate on investigations.
Source: https://www.businesswire.com/news/home/20230309005112/en/Cado-Security-Announces-20M-in-Funding-to-Drive-Innovation-and-Global-Expansion