Cado Security, a provider of cloud forensics and incident response platform based in London, has announced a successful funding round that raised $20 million. The investment was led by Eurazeo, a leading global investment company, and included participation from Ten Eleven Ventures, a cybersecurity-focused investment firm.
This latest funding brings the total investment in the company to $31.5 million, and will support Cado Security’s continued expansion and innovation in cloud security product development, sales and marketing, and go-to-market strategies.
The company plans to use the funds to drive global expansion and continued innovation through product development, accelerating go-to-market strategies, and growing sales and marketing. According to Cado Security CEO and co-founder James Campbell, the company has achieved rapid, strategic innovation, which has enabled it to grow quickly and effectively.
He further stated that nearly half of today’s data breaches are cloud-based, and more than 60% of corporate data is currently stored in the cloud. Hence it is crucial to provide cutting-edge solutions that enable organizations to handle this increasing risk in cloud environments.
The Cado platform offers forensic-level detail in cloud, container, and serverless environments, with automated data capture, rapid parallel processing, and streamlined investigation and response. The company has experienced significant growth over the past year, with availability in the Microsoft Azure Marketplace and AWS Marketplace. Cado Security has also been featured in CRN’s 2023 Security 100 List and selected as one of 10 finalists for the RSA Conference 2022 Innovation Sandbox Contest.
Cado Security, founded by Chris Doman and James Campbell, enables security teams to quickly understand and respond to cloud threats without delays or headaches. The company’s platform automates forensic-level data capture and processing across cloud, container, and serverless environments by leveraging the scale and speed of the cloud. Cado captures forensic data from compromised systems and enables security analysts to rapidly sift through the evidence and collaborate on investigations.
