201901 May
DivvyCloud Raises $19 Million to Automate Cloud Security and Compliance
Type
Funding Rounds
Source
Businesswire
Summary

The added investment allows DivvyCloud to make specific technological advancements to its cloud security and compliance solution, as well as expand sales and marketing efforts and customer success programs to meet rapidly increasing demand. Importantly, DivvyCloud delivers a strategy for companies to have their cake and eat it too - unrestricted access to cloud services for developers to drive innovation and a robust approach to improving security and compliance. “DivvyCloud is uniquely positioned, with our approach to automation that uses real-time remediation to allow enterprises to fully realize the benefits of public cloud and container adoption without the risk of misconfigurations and other common security and compliance issues. “The majority of our direct competitors have been acquired by large conglomerates, leaving DivvyCloud uniquely positioned as a well-funded company exclusively focused on driving innovation in the cloud security posture management category,” continued Johnson. Providence is a premier global asset management firm that pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value.

Classifications
  • Security
  • Governance, risk and compliance (GRC)
  • Banking (Retail and Investment)
  • Brokerage & Investment Banking Software
  • Human Resources
  • Entertainment
  • Education/Training
  • Sales and Marketing
  • Network Resource Sharing and Virtualization
  • Networking
  • Data Management