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Cloud security startup Evident.io raises $22M from Google
Cloud security startup Evident.io Inc. has raised $22 million Series C in a round led by GV, the former Google Ventures, and joined by existing investors Bain Capital, True Ventures and Venrock.
Founded in 2013, Evident.io offers cloud security and compliance automation that endeavors to deliver the fastest security intelligence available to cloud engineers. The company’s flagship Evident Security Platform provides cloud security and compliance services, including resource visibility, vulnerability assessment and classification, notifications and alerting, compliance automation, and auto-remediation.
Evident.io claims to have among its customer’s Federal agencies, cloud startups and Fortune 500 companies. Chief Executive Officer and co-founder Tim Prendergast told SiliconANGLE via email that his clients are demanding security and compliance solutions that give them visibility and control across multiple public cloud platforms.
The cloud security market is predicted to increase to $8.71 billion in 2019, according to a Markets & Markets report published in 2014. The report cited the continued “increase in adoption of cloud computing, and growing demand for managed security services … playing a major role in shaping the future of cloud-based security services market.”
Including the new round, Evident.io has raised $49 million to date. The company said the new funding will be used to accelerate its growth to address the market demand by enabling support of public cloud platforms beyond Amazon Web Services to Google Cloud Platform and Microsoft Azure.
The company also aims to accelerate the development of new features and capabilities of the Evident Security Platform to extend functionality beyond infrastructure security and compliance automation offerings. In addition, Evident.io plans to expand its sales and marketing efforts in the U.S., Europe, Asia and Australia.
Image courtesy of Evident.io
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