Search Results

Blog

Category

Press Release: Anitian, a Cloud Security and Compliance Automation Company, Lands $11 Million Series A Investment from ForgePoint Capital

Anitian accelerates time to achieve compliance through its Sherlock platform, which automates, deploys, and manages “audit ready” cloud environments in AWS.

Link to release Via PRWeb
Link to PDF version of release


PORTLAND, ORE. FEBRUARY 27, 2019
Anitian, a cloud security and compliance automation company, announced today that it has secured $11 million in Series A funding from ForgePoint Capital, a Silicon Valley venture capital firm that specializes in investing in cybersecurity startups.

“We are ecstatic to partner with ForgePoint Capital,” said Anitian CEO Andrew Plato. “ForgePoint Capital will help expand our offerings and capacity to serve the pent-up demand for compliance automation across private and public enterprises and organizations.”

Security and compliance remain huge pain points and impediments to public cloud adoption. Building compliant cloud environments is typically the job of in-house DevOps teams who use templates or outsource to professional services firms. Both approaches are extremely time-consuming and capital inefficient. Anitian delivers the industry’s first automated compliance solution to enterprise customers operating in the AWS cloud. The Sherlock platform can help organizations accelerate the compliance process up to six-fold while reducing cost by up to eight-fold.

 

The Anitian solution is a software-based product that builds an entire security technology stack that includes: 

  • All the requisite controls and configurations for compliance frameworks such as PCI-DSS or FedRamp.
  • All the necessary documentation, built in compliance guardrails, and integration services to help customers migrate to a compliant cloud environment.
  • Active, continuous monitoring and threat hunting through the Managed Detection and Response (MDR) service, which scans and remediates compliance and security issues.

When companies needed to meet compliance requirements in the past, they had to manually reconfigure environments to meet hundreds of requirements (FedRAMP High, for example, has more than 300 requirements.) This process typically required 12 to 24 months to complete, with costs ranging from several hundred thousand to millions of dollars. Anitian can slash those times and costs, delivering tangible ROI for high-performance enterprise companies.

“Anitian is a unique cybersecurity investment opportunity,” said Sean Cunningham, a managing director at ForgePoint Capital. “They have taken a classic professional services engagement and automated it into a technology product that drives substantial ROI for enterprise customers. Anitian’s ability to deliver customers a compliance technology in the cloud and manage those deployments with MDR is truly unrivaled in today’s security landscape,” Cunningham added.

“Anitian’s ability to deliver customers a compliance technology in the cloud and manage those deployments with MDR is truly unrivaled in today’s security landscape.” – Sean Cunningham

Recently, Software-as-a-Service (SaaS) company, Smartsheet, deployed the Anitian Sherlock platform in under 60 days to meet FedRAMP requirements.

“The biggest draw of Sherlock was its turnkey nature,” said Ignacio Martinez, Vice President of Security Risk and Compliance, Smartsheet (SMAR). “Given FedRAMP’s extensive documentation and audit requirements, the pre-built, pre-hardened and pre-configured solution was highly appealing. We evaluated the standard routes of pro-services and building with templates, in addition to the time and cost of traditional implementation. We realized significant time and cost savings partnering with Anitian,” Martinez stated.

 

About Anitian

Anitian is the leader in cloud-delivered security and compliance solutions. Leveraging the power and scale of the cloud, the Anitian Sherlock platform automatically builds, configures, and monitors cloud environments to accelerate compliance with security frameworks such as PCI, FedRAMP, ISO, and more. Sherlock directly integrates with DevOps CI/CD pipelines to ensure continuous security and compliance delivery. Sherlock is backed with 24/7 threat hunting, compliance guardrails, managed detection and response, and expert security services. Find out more at www.anitian.com

 

About ForgePoint Capital

ForgePoint Capital is a $300 million fund exclusively investing in cybersecurity companies. The firm brings deep industry expertise and a strong network of relationships. ForgePoint’s 52-person Cybersecurity Advisory Council includes industry CEOs, security entrepreneurs, senior information security executives, and former government security leaders. Portfolio companies include 4iQ, Attivo, Appthority (acq. by Symantec), Attivo, Bayshore Networks, BehavioSec, Bishop Fox, CyberCube, ID Experts, IronNet Cybersecurity, LoginRadius, Prevoty (acq. by Imperva), ReversingLabs, Trusted Key, and Uptycs. ForgePoint’s principals have been investing in cybersecurity since 1998 and have made a total of 38 cybersecurity investments. Learn more at http://www.forgepointcap.com

 

For more information, please contact: 
Megan Lotzenhiser
503-726-2114
megan.lotzenhiser(at)anitian.com