“A start-up led by former president and CEO of Q1 Labs, Brendan Hannigan, has continued to raise capital with a new Series B round worth $20m. New-York based Sonrai Security said the round was led by Menlo Ventures with full participation from founding investor Polaris Partners and Series A lead investor Ten Eleven Ventures.
This brings the public cloud security company’s total funding to $38m. It plans to use the new funding to accelerate its product research and development as well as global sales and marketing activities for Sonrai Dig, the company’s identity and data governance platform.
The platform automatically uncovers identity, data and cloud platform risks. It also continuously monitors to ensure new risks and unusual activity are quickly identified.
“The increasing frequency of cloud breaches caused by identity and data access complexity has driven significant traction for our Sonrai Dig platform among large enterprises, who see it as the basis of their cloud security model,” said Irishman Hannigan, who is CEO and co-founder of Sonrai Security.”
Read the complete article on siliconrepublic.com.
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*** This is a Security Bloggers Network syndicated blog from Blog - Sonrai Security authored by Sonrai Security Marketing. Read the original post at: https://sonraisecurity.com/blog/cloud-security-start-up-with-irish-co-founder-bags-20m-funding/