Headquartered in London and the first of its kind, the cloud forensics provider Cado Security successfully raised $20 million in a funding round led by Eurazeo and Ten Eleven Ventures. This latest investment brings the company’s total investment to $31.5 million. The company intends to expand its global presence and enhance product development with the raised capital. Additionally, sales and marketing efforts will be boosted, and go-to-market strategies will be accelerated.
“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,”
- comments the CEO of Cado Security, James Campbell
With Cado, forensic-level data is automatically captured and processed across multiple environments, including cloud, containers, and serverless. The platform allows organizations to extract forensic data from compromised systems and allows security analysts to quickly analyze the evidence and collaborate on investigations.
“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,”
- adds Campbell
In the past year, Cado Security has achieved remarkable growth and notable milestones. As of now, its platform is available on both the Microsoft Azure Marketplace and the AWS Marketplace. Additionally, Cado Security has been recognized for its cloud forensics and incident response capabilities, appearing in CRN's 2023 Security 100 List and being selected as one of the top 10 finalists for the RSA Conference Innovation Sandbox Contest in 2022.
“We are thrilled to be investing in Cado Security,” outlines Thomas Turelier, VP – Venture Digital, at Eurazeo. “We built a strong conviction that Cado is uniquely positioned to become the leader in the emerging cloud forensics and response automation market. It is becoming fundamental for security and infrastructure teams to take control and automate their post-incident processes in increasingly complex cloud environments. James and his team have built a unique expertise reflected in the depth and reliability of their product. We look forward to partnering with them in the long run and helping them build a category-defining company in cloud security.”