Cloud forensics and incident response startup Cado Security raises $20M
Cloud forensics and incident response platform startup Cado Security Ltd. today announced that it has raised $20 million in new funding for further global expansion and product development.
Founded in 2020, Cado Security pitches itself as offering forensic-level details without forensic-level effort when dealing with incident response in the cloud. The company’s platform leverages the scale, speed and automation of the cloud to expedite forensics and incident response, with support for complex multicloud environments, systems and regions.
Cado users can analyze data in minutes with forensic-level detail to understand the full impact of cloud incidents, compared with what used to take days, with no agents required. The platform automates data collection, investigating hundreds of data sources across cloud-provider logs, disk, memory and more.
The platform automatically surfaces key incident details, including root cause, compromised roles and assets and a complete timeline of events, with support for single or multiple investigations at once, according to the company.
Cado Security is available in the Microsoft Azure Marketplace and AWS Marketplace. Notable clients include Riot Games Inc., J Sainsbury plc, Sandia National Laboratories, Sophos Ltd. and Wyndham Hotels & Resorts Inc.
“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,” James Campbell, co-founder and chief executive of Cado Security, said in a statement. “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.”
The Series B round was led by Eurazeo S.A., with Ten Eleven Ventures LLC also participating. Including the new round, Cado Security has raised $31.5 million to date. Previous investors in the company include CyLon Ventures Ltd. and Blossom Capital LLP.