CloudKnox Raises $12 Million In Funding To Further Accelerate Product Innovation

CloudKnox Raises $12 Million In Funding To Further Accelerate Product Innovation

by NeoTech Post

CloudKnox Security, a provider of identity authorization for hybrid and multi-cloud environments, closed a $12 million new funding round. 

The funding round was led by Sorenson Ventures with participation from early investors, including ClearSky Security, Dell Technologies Capital, and Foundation Capital. 

The latest funding round brings CloudKnox’s total funding to date to $22.75 million. The company plans to use the new funds further to accelerate its product and go-to-market plans.

“We’ve seen exceptional growth from customers and prospects looking to address the number one risk in their cloud infrastructure,” said Balaji Parimi, CEO and founder at CloudKnox Security. 

“This positioned us to pre-emptively secure another round of funding to leverage strong market adoption and accelerate our customer expansion. We’re delighted to have Sorenson Ventures join our current investors, who continue to show their commitment to our success, welcome John to our team, and Stephen and Suresh to our board.”

The CloudKnox Security platform is built to support the monitoring and management of identities, actions, and resources across hybrid and multi-cloud environments using an Activity-based Authorization model. CloudKnox transforms how organizations implement the principle of least privilege through an extensible single platform and empowers security teams to proactively address accidental and malicious credential misuse by continuously detecting and mitigating identity risks. 

“CloudKnox’s vision is compelling: enable security teams to proactively measure and mitigate the greatest risk from operating in the cloud,” said Stephen Ward. “It does so by delivering continuous detection and remediation of over-privileged identities while helping to understand and report on their cloud risk posture. I welcome the opportunity to join the board at a time of significant growth.”

Image Credit: CloudKnox