- Leading provider of secure and compliant infrastructure hosting Aptible has closed $12 million in Series A funding
Aptible is a leading provider of secure and compliant infrastructure hosting. Recently, the Aptible closed $12 million in Series A funding led by Maverick Capital. Additional investors Thrive Capital and Western Technology Investment also joined this round.
Aptible plans to use this funding round to launch its new security management platform Aptible Comply, which helps companies of all sizes to automate security and compliance workflows for common regulations and security frameworks like ISO 27001, SOC 2, HIPAA, and GDPR.
“We’ve taken everything we’ve learned about security and compliance and turned that into Aptible Comply,” said Aptible co-founder and CEO Chas Ballew. “We’ve been fortunate enough to help hundreds of innovative companies deploy assets to the cloud securely, and assist them in passing compliance audits along the way.”
Prior to launching Aptible, Ballew served on active duty in the Army as a lawyer at the Pentagon where he was a regulatory expert.
Aptible Comply (formerly known as Gridiron) is delivered as a software-as-a-service so it is easy to implement and it fills a major need for companies that have had historically had little choice but to work with complicated sets of disjointed documents, build a DIY solution from document management tools, or engage an audit prep consultant for shorter-term projects.
“We’ve designed Aptible Comply to act as a company’s first security hire,” added Aptible CTO Frank Macreery.
Comply also automates much of the compliance process and puts in place best practices that integrate with modern workflows for maintaining on-going security. And Comply acts as a consistent source of truth for security and privacy activities, keeping companies in compliance with audit frameworks but also helps them continuously improve security/privacy.
“At Maverick Ventures, we partner with early stage companies solving large unmet needs with novel approaches. Data security and privacy has been largely ignored by many small companies, but that’s no longer possible,” noted Matthew Kinsella — a Managing Director at Maverick Capital who led the Series A investment in Aptible. “As regulatory pressures and public scrutiny about privacy practices increase, building a strong security management program is paramount for companies of all sizes. Aptible helps companies automate away the pain of complying with security rules, while increasing confidence in data privacy and protection.”
One of the key use cases for Comply involves teams trying to bring great ideas to market in regulated industries need to achieve and maintain compliance and prove to regulators that they are carrying out the activities required for compliance. Aptible Comply helps companies build a central record of what should happen around security, what did happen, and what the difference is. This makes it easier for the teams to be compliant and to prove it to regulators.
Teams are now being asked earlier and earlier to prove that they’re secure. And customers are asking startups questions that previously were only asked of enterprise companies. These questionnaires often slow down the sales cycle and can complicate deals. And Aptible Comply gives companies a single source of truth, a high-quality security program that they can export and hand to a customer.
One of the companies that is using Aptible Comply to build trust with profiles and customers is PathAI. PathAI has a mission to use machine learning to help pathologists change the way patients are diagnosed and treated. For this mission, PathAI has partnered with companies like Philips, Bristol-Myers Squibb, and the Bill & Melinda Gates Foundation.
“When I first learned about Aptible, I had never been so excited about security work,” explained PathAI’s Director of IT and Information Security Officer Joseph Adu, CISSP.
With Aptible Comply, Adu and his team were able to achieve ISO 27001 certification without slowing down key projects and proved to customers and partners that the company is investing in security.
Fortmatic co-founder Arthur Jen uses Aptible Comply for building new Blockchain infrastructure and quickly drafting the guidelines including the policies and procedures needed in order to maintain security and become SOC 2 compliant.
“SOC 2 is really important because we want our end users to know we take security and integrity seriously,” Jen noted.
