Cyber Defense Magazine: CloudKnox Has Potential of Being Valued at $1B

CloudKnox Security, a Cloud Permissions Management Platform supporting the monitoring and management of identities, actions and resources across hybrid and multi-cloud environments, was named a 2020 winner in the Cyber Defense Magazine Annual Black Unicorn Awards. CloudKnox has the potential of being valued at $1 billion, stated Cyber Defense Magazine.

The 2020 Black Unicorn award recognizes CloudKnox’s pioneering approach in protecting critical cloud resources from unmanaged vulnerabilities due to human and non-human identities with excessive high-risk permissions. While these vulnerabilities and security risks can vary widely between organizations, insider threats are consistently one of the chief obstacles faced. To reduce such cyber risks, the CloudKnox Cloud Permissions Management platform is built from the ground up to support a continuous and adaptive framework for managing identity permissions.

“We’re pleased to name CloudKnox as a winner among a small, elite group of cybersecurity industry leaders in our second annual Black Unicorn awards,” said Judges Robert R. Ackerman Jr. of www.allegiscyber.com,  David DeWalt of NightDragon Security and Gary Miliefsky of Cyber Defense Media Group.

The company competed against many of the industry’s leading providers of cybersecurity products and services for this prestigious award. It recognizes CloudKnox as a Top 100 Cyber Security Startup for Cyber Defense Magazine’s audience of CISOs, CIOs, investors and industry thought leaders.

Multi-Cloud and Hybrid Cloud

Balaji Parimi
“It’s a privilege to lead CloudKnox and to be recognized as a Top 100 Cyber Security Startup for Cyber Defense, as our team is laser focused on providing security and cloud infrastructure teams with the tools and resources to manage the Cloud Permissions Gap,” said Balaji Parimi, founder and CEO of CloudKnox Security.

“It’s a privilege to lead CloudKnox and to be recognized as a Top 100 Cyber Security Startup for Cyber Defense, as our team is laser focused on providing security and cloud infrastructure teams with the tools and resources to manage the Cloud Permissions Gap,” said Balaji Parimi, founder and CEO of CloudKnox Security. “If left unmanaged, the permissions gap puts enterprises at risk as they expand their cloud footprints without establishing protocols and capabilities to properly assign, manage and monitor human and machine identity permissions across their cloud environments.”

This award win comes on the heels of significant growth on multiple fronts for CloudKnox. In June, Wipro announced a partnership with CloudKnox to secure multi-cloud and hybrid cloud infrastructure. CloudKnox recently also received recognition as a Gartner Cool Vendor in IAM and Fraud Detection. Additionally, CloudKnox, was recognized as an Amazon Web Services (AWS) Security Competency Partner recently, as well as a 2020 CRN Emerging IT Vendor.

Wipro Ventures, the corporate investment arm of Wipro, invested in CloudKnox through its recently announced $150M Fund II, to strengthen the strategic partnership. Last month, CloudKnox also closed a strategic investment from Telstra Ventures, through which Telstra becomes a strategic go-to-market channel partner in Australia-New Zealand to meet a significant acceleration in public cloud adoption in the region.

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