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LAS VEGAS, NV--(Marketwired - Nov 11, 2014) - AWS re:INVENT CONFERENCE -- Evident.io, the first company of its kind to offer continuous cloud security technology for Amazon Web Services (AWS), announced today that it has closed $9.85 million in Series A funding. The financing was led by Bain Capital Ventures, with participation from True Ventures.
Evident.io is the first cloud security company in the market to offer continuous security technology for AWS. The Evident Security Platform (ESP) is the only product in the market today that will ensure customers have a consistent, secure, persistent security framework in place across all of their AWS accounts. Unlike traditional solutions, Evident is not limited to just the server operating system -- Evident secures all of the application and data-centric services provided by the cloud, as well as the host. Evident's solutions are designed to protect the whole cloud, and not just one of possibly dozens of services.
"The Evident.io team has a unique competitive advantage in the realm of cloud security, because they've been working closely with AWS to develop cloud-specific solutions," said Enrique Salem, Managing Director, Bain Capital Ventures. "No other solution can deliver this type of comprehensive security for the specific challenges of cloud infrastructure. We're excited to see the growth that lies ahead in 2015."
"As the current rate of change in enterprise infrastructure reaches an unprecedented high, security vulnerabilities are also at an all-time high," said Puneet Agarwal, Partner, True Ventures. "The market is ripe for a company focused entirely on the security challenges arising from the adoption and use of programmatic infrastructure at all levels of scale. Evident.io is the clear leader in this space, and we are thrilled to continue our support of Tim, Justin and their team."
As more companies transition their apps and workloads to cloud infrastructures, Evident.io is seeing a significant demand for a higher standard of cloud-centric security solutions. Evident.io's customers include startups, enterprises and public sector entities that all depend on cloud infrastructure. For startups, Evident.io delivers a higher level of comfort and security to enable the startups to build products without having to build a security solution from the ground up. The Evident.io security platform delivers quick scans of possible vulnerabilities and provides third-party validation for best practices in cloud security. For enterprises and public sector customers, Evident.io delivers next-generation continuous security capabilities to guard against attacks or accidental actions.
"We are looking forward to 2015 as a year of rapid growth for Evident.io, and our talented, experienced team is eager to show the world what we can do as the market leader with the most sophisticated cloud security platform for cloud customers," said Tim Prendergast, Founder and CEO of Evident.io. "We're proud to be backed by experienced tech investors who know this industry well, and who are excited by the potential that our solutions have demonstrated."
Evident.io is fully endorsed by Amazon Web Services and is recognized as an AWS Advanced Technology Partner, the highest tier partnership with AWS. Evident works closely with AWS while their programs are in beta to ensure that Evident's platform supports the launch of every new AWS service. This close partnership with AWS helps to deliver new capabilities as soon as they are available to AWS customers, providing unrivaled security for the cloud.
About Bain Capital Ventures
Bain Capital Ventures is the venture and growth affiliate of Bain Capital, a global alternative assets platform with approximately $80 billion in assets under management. Bain Capital Ventures invests from seed-stage through growth equity in companies focused on enterprise technology with a deep focus in infrastructure software and security analytics including prior investments in dynaTrace, Hazlecast, ObserveIT, Rapid7, SolarWinds and VMTurbo. Since 2000, BCV has helped steer ideas to success by working in partnership with management teams, pairing talented and passionate entrepreneurs with industry experts, opening doors to customers, and collaborating on long-term strategies. Bain Capital Ventures has offices in Boston, New York and the Bay Area. For more information, please visit www.baincapitalventures.com or follow us at @BainCapVC.
About True Ventures
Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With four funds and approximately $900 million in capital under management, True provides seed and Series A funding to the most talented entrepreneurs in today's fastest growing markets. With a mission to make the world a better place for entrepreneurs, True encourages each founder's vision and has built resources to empower the employees, families and communities of its portfolio companies. The firm maintains a strong founder community and offers innovative educational opportunities to its portfolio, helping entrepreneurs achieve higher levels of success and impact. With more than 150 companies funded and multiple companies acquired, the current True portfolio has helped create over 3,500 jobs. To learn more about True Ventures, visit www.trueventures.com.
Evident.io was forged from decades of information security experience by a team that is hyper-focused on the security challenges facing cloud businesses. We're not only an AWS partner, but are experts from the largest AWS customers that joined forces to bring a whole new security technology that solves the needs of cloud customers in AWS. Our remarkable team has embedded decades of real world security experience into the Evident Security Platform (ESP) for AWS, creating the first continuous security platform for the cloud.