Evident.io Raises $9.85M in Funding for Cloud-based Security
Evident.io has raised $9.85 million in funding for its continuous cloud security solutions that focus on Amazon Web Services (AWS). Bain Capital Ventures led the Series A financing round, with participation from True Ventures.
The Dublin, California-based company, which has raised a total of $11.35 million in financing to date since 2013, said it will leverage the funding to expand the capabilities of the Evident Security Platform and build international support for security-focused regions.
The company’s platform aims to assist IT admins with reducing the time spent on finding and fixing AWS security risks by enabling them to identify vulnerabilities across AWS accounts.
“We always have the option of raising a growth round, but strong customer demand and growth leads us to believe that we can be very successful without having to raised funds in the near future,” said Tim Prendergast, founder and CEO Evident.io.
“We will be expanding our product scope to include additional high-value cloud providers, such as Microsoft and Google, as well as delivering more sophisticated cloud-specific security capabilities that our customers need to continue their rapid growth,” he said.