DivvyCloud is an Arlington, Virginia-based leading provider of security and compliance automation for public cloud and container infrastructure. Earlier this month, DivvyCloud announced it raised $19 million in a growth round of funding — which brought the total capital raised to date to $29 million. This round of funding was led by Providence Strategic Growth. Existing investors MissionOG and RTP Ventures also provided follow-on investments.
With the added investment, DivvyCloud will be able to make specific technological advancements to its cloud security and compliance solutions along with expanding sales and marketing efforts and customer success programs for meeting the rapidly increasing demand of its products. DivvyCloud is also going to leverage the infusion of funding to innovate product offerings, including extending policy enforcement capabilities into the continuous integration/continuous delivery (CICD) pipeline and also deepen integrations with key third-party solutions to enhance orchestration.
“Data breaches caused by misconfigurations of public cloud services have been dominating headlines in 2019 and are costing enterprises millions of dollars, needlessly,” said DivvyCloud CEO and co-founder Brian Johnson. “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. With this funding, we intend to deliver specific product advancements; strengthen support for containers, cloud identity, and serverless; and broaden our market penetration to benefit companies around the globe. Our goal is to enable every enterprise in the world to be able to confidently and securely embrace cloud services to drive rapid innovation.”
How does DivvyCloud work? The company was founded in 2013 by Johnson and CTO Chris DeRamus with a vision to empower enterprises to provide developers with the freedom to innovate through self-service access to cloud services while at the same time enhancing security and compliance. Plus DivvyCloud also helps enterprise customers improve security, take control, and minimize risk as they embrace the dynamic and self-service nature of public cloud and container infrastructure.
Using DivvyCloud, security, GRC, and operations professionals are able to identify risks in real-time and take automatic and user-defined action to fix problems before they are exploited. And customers can run DivvyCloud’s software to achieve continuous security governance in cloud and container environments.
“Most enterprise companies are implementing a multi-cloud strategy and require a platform that allows them to fully embrace self-service access without losing control,” added Shin. “In the cloud era, security cannot be an impediment to innovation. 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. The impact of DivvyCloud’s best-in-class software platform has been proven by impressive customer adoption and retention.”
In the past year, DivvyCloud doubled its customers base including adding big-name customers like Kroger, CoStar, and Pizza Hut. And the company also doubled its staff such as hiring executives like Scott Totman as the head of engineering and product development and Rick Juneja as the head of customer success. In conjunction with this funding round, Providence Strategic Growth managing director Brian Shin has joined the company’s board.
In terms of accolades, DivvyCloud was the Editor’s Choice Winner in Cloud Security by Cyber Defense Magazine for the 2019 Infosec Awards. And the company was a winner in Cloud Security in the Cybersecurity Product category of the 2019 Cybersecurity Excellence Awards.