- Multi-cloud governance and compliance company OpsCompass announced it has raised $6.78 million in Series A funding
Multi-cloud governance and compliance company OpsCompass announced it has raised $6.78 million in Series A funding. This round of funding was led by Elsewhere Partners with participation from Dundee Venture Capital, Invest Nebraska, M25, Nelnet, and Nebraska Angels.
With this round of funding, OpsCompass plans to accelerate product development, scale go-to-market capabilities, and take advantage of new trends and market demands.
OpsCompass plans to serve as a cloud-operations guide for modern enterprises that seek to preserve the advantages of the cloud without sacrificing compliance, security, or their ability to manage costs. And the company’s SaaS solution provides the right information at the right time and actionable insight into what to do next. Plus it is simple to deploy, intuitive to use, and as flexible as the cloud itself.
And OpsCompass empowers customers to fold cloud operations into existing processes with existing personnel across compliance, security, and cost management services.
In connection with the investment, Elsewhere Operating Advisor Kevin Cunningham is joining the OpsCompass Board of Directors. Cunningham previously served as president and chief strategy officer of SailPoint Technologies, a company he co-founded in 2005 and led through an IPO in November 2017.
Elsewhere Chief Technology Officer Josh Stephens will also join the OpsCompass operating advisory team. Previously, Stephens was vice president of technology and head geek at SolarWinds.
“Our team has monitored this industry for some time and seen a significant change in market demand for cloud governance and compliance. Moreover, we have been following leaders in the space who are delivering inventive, cloud-native solutions to enterprise clients. OpsCompass clearly understands this market and has already established impressive traction by landing numerous marquee customers.”
-Sloane Child, vice president at Elsewhere Partners
“We’ve seen significant interest in our product from security services, cloud management providers, and the leading cloud services themselves. Our clients are moving critical workloads into multi-cloud environments and require enterprise-grade solutions reinforced by ongoing R&D and clear product evolution. The team at Elsewhere Partners understands this demanding pace and will provide invaluable expertise.”
-Manny Quevedo, CEO of OpsCompass