CloudKnox Security Raises $12 Million in Funding
Cloud security firm CloudKnox Security today announced that it has raised $12 million in a new funding round, which brings its total funding to $22.75 million.
Founded in 2015 and headquartered in Sunnyvale, California, CloudKnox provides a cloud security platform designed to monitor and manage identities, actions, and resources across private and public cloud infrastructure.
The CloudKnox platform uses activity-based access controls to detect identities (service accounts, APIs, bots, contractors or employees) with unused privileges based on actual activities versus static roles. It then allows the automatic revocation of unused high-risk privileges with a single click. The platform, announced the company, “autonomously prevents risks as it learns what activities identities are performing and enables organizations to dynamically and instantly revoke or grant privileges based on actual needs.”
The new investment, the company says, will help it further accelerate its product and go-to-market plans, building on last year’s triple digit growth.
CloudKnox also says it has added new privilege-on-demand, auto remediation and anomaly detection capabilities, as well as integration with AWS IAM Access Analyzer and support for VMware Cloud on AWS.
The new funding round was led by Sorenson Ventures but also saw participation from early investors, including ClearSky Security, Dell Technologies Capital, and Foundation Capital.
“We’ve seen exceptional growth from customers and prospects looking to address the number one risk in their cloud infrastructure. This positioned us to pre-emptively secure another round of funding to leverage strong market adoption and accelerate our customer expansion,” Balaji Parimi, CEO and founder at CloudKnox Security, commented.