Cado Security raises $20m in Series B funding led by Eurazeo to accelerate global expansion.
Eurazeo led the Series B round to support international growth and product development.
Cado Security provides a cloud forensics and incident response platform designed to automate data capture and investigation across cloud environments. The company helps security teams manage increasing digital risks by speeding up response times.
Cado Security has secured $20m in a Series B funding round led by Eurazeo, with participation from Ten Eleven Ventures. The fresh capital will be deployed to support international expansion, drive product development, accelerate go to market strategies, and expand sales and marketing efforts.
This latest injection brings the total capital raised by the business to $31.5m. The company has seen increased demand for its cloud forensics platform as organisations grapple with a rise in cloud based security breaches and complex multi cloud environments.
From the founder
"Rapid, strategic innovation has enabled us to grow quickly and effectively. As a platform purpose-built for the cloud, we are providing the solutions needed so that security teams can drastically speed up incident response in the cloud,"
James Campbell
CEO and Co founder at Cado Security
Investor perspective
"We are thrilled to be investing in Cado Security,"
Thomas Turelier
Vice President – Venture Digital, Eurazeo
Use of funds
- 01Expand into international markets
- 02Continue product development
- 03Accelerate go-to-market
- 04Invest in sales and marketing
Investors
Categories
About the company
Cado Security
Cado Security delivers a cloud forensics and incident response platform for modern security teams.