London-based Cado Security nabs €8.3 million for its cloud-native digital forensics platform
Summary
Led by Blossom Capital with participation from existing investors including Ten Eleven Ventures, the new funding comes only six months after the company closed its seed round, due to the significant demand for its platform. When a cyber incident occurs in the cloud today, forensic analysts spend countless days using a patchwork of rudimentary tools to manually collect and process the data needed for an investigation. “Over the past year, enterprises have compressed their cloud adoption timelines while protecting the applications that enable their remote workforces,” said Imran Ghory, partner at Blossom Capital. “Sophisticated threat actors are more adept at using the complexity of cloud environments to their advantage,” said Matt Georgy, CTO of [redacted] and Cado Security advisor. Cado’s solution is not only modern and scalable, but it also can ensure all legal and regulatory compliance standards have been met.” “Legacy forensic tools were built decades ago to support on-premises environments, but the problem is that data doesn’t live there anymore.