Anitian, a supplier of pre-engineered cloud security and compliance automation solutions, has announced the completion of a $55 million Series B investment headed by Silicon Valley-based Sageview Capital, with participation from current investor Forgepoint Capital. The fundraising round is intended to support Anitian’s rapid expansion. It takes the company’s total capital to $71 million.
The fresh funds will be utilized to accelerate Anitian’s growth and further development of the cloud security and compliance automation industries. Ned Gilhuly, Co-Founder and Partner at Sageview Capital, will join Anitian’s Board of Directors as part of this new round of investment.
“Anitian’s unique technology is poised to disrupt an exploding cloud security and compliance market that’s clamoring for innovation. With its automated solution, Anitian already leads the market for FedRAMP compliance which is poised to grow strongly as the Federal Government continues to adopt cloud solutions to lower costs and enhance efficiency,” said Ned Gilhuly. “And we’re equally excited by Anitian’s growth opportunity in the commercial market as the company leverages its automated platform, initially developed to meet the exacting requirements of FedRAMP compliance, to provide comprehensive cloud security to modern enterprises. We’re delighted to partner with Rakesh Narasimhan and his leadership team, and we are confident in their ability to execute this exciting vision.”
Available on AWS and Microsoft Azure
Forgepoint Capital led Anitian’s prior Series A fundraising round in February 2019.
“Cloud infrastructure security and compliance has become a massive inhibitor for enterprises trying to move at the speed of cloud. DevOps and security teams are distracted by having to spend precious time, money, and resources building secure and compliant cloud application environments instead of focusing on the company’s core mission. This delays time to market and revenue while increasing risk and non-compliance,” said Rakesh Narasimhan, Chief Executive Officer (CEO) at Anitian. “This round of funding propels our ability to further accelerate Anitian’s growth and leadership position in the market by delivering automated, pre-engineered platforms that empower enterprises to get their applications to the cloud and market faster. We’re grateful for our trusted customers, investors, and partners who are helping Anitian deliver on its promise of enabling customer business growth while expanding our team, markets, and product portfolio.”
Anitian has a demonstrated track record of replacing traditional, do-it-yourself, and consultant-driven methods to cloud application security and compliance with its pre-built, automated, and zero-trust SecureCloud solutions. The platforms are available on AWS and Microsoft Azure and are pre-configured to meet stringent security requirements such as FedRAMP, NIST 800-53, SOC 2, PCI, and others.
What DevOps teams, security teams, and consultants take months or years to do – with millions of dollars in opportunity costs – the Anitian platforms can execute in weeks at a fraction of the cost, according to Anitian and its investors. Its automated and unified cloud security posture management (CSPM) would ensure cloud application environments secure and compliant in real time.
Founded in 2006, Sageview Capital has invested over $1.4 billion in 30 growth capital projects. Greenwich, Connecticut, and Palo Alto, California, are the locations of the firm’s offices.
Founded in 2015, Forgepoint Capital is a multi-stage venture capital organization that invests inextraordinary startups who are solving the most difficult issues in cybersecurity and infrastructure software. Forgepoint invests internationally from its headquarters in the San Francisco Bay Area.