CloudCheckr, the
total visibility platform that makes managing public cloud infrastructure easy,
announced today that it raised $15 million. This financing round, led by New
York-based Level Equity, brings total funding to $65 million. CloudCheckr is
experiencing explosive growth, doubling customers, and achieving a 5x increase
in revenue over the last three years. The investment will be used to help drive
an innovative roadmap as the company further evolves the broadest and deepest multi-cloud
management platform.
"This investment will allow us to rapidly accelerate innovation by
tripling our product development and engineering headcount," said Tim
McKinnon, CEO at CloudCheckr. "With our already unrivaled security and
compliance monitoring offerings, CloudCheckr will enter 2020 with the broadest
and deepest cloud management feature set for the enterprise, federal, and MSP
markets."
CloudCheckr deploys a "Fastest-to-ROI" process, quickly producing
cost savings and optimization, and reducing risks for even the largest and most
complex businesses. The company is best known for simplifying and securing
complex environments, driving widespread adoption with Managed Service
Providers-a full 40% of the top 50 MSPs, ranked by ChannelE2E, are powered by
CloudCheckr.
"We are focused on expanding our massively scalable architecture and
unique financial operations tools," said Jeff Valentine, Chief Product
Officer at CloudCheckr. "We strive to change how organizations manage
cloud adoption and security, replacing disparate teams and point solutions with
a single unified platform that provides total visibility."
In conjunction with the closing of this round, CloudCheckr also announced
the appointment of Tarkan Maner as an independent board member. Tarkan is
currently CEO at Nexenta by DDN and serves on many boards. He is an executive
operator, investor, and adviser in technology. His areas of focus include
security, mobility, hyper-converged infrastructures, contextual intelligence,
IoT/AI, and open core-centric multi-cloud computing. Tarkan has had many
successful exits and held executive roles at Nexenta (acquired by DDN), Dell,
Wyse (acquired by Dell), CA (acquired by Broadcom), IBM, Quest, and Sterling
Software (acquired by CA). He is a frequent speaker, commentator, and author on
current business, economic, and social issues.
"I am looking forward to working with
CloudCheckr as they provide total visibility to businesses running in the
cloud," said Tarkan Maner, independent board member. "I'm excited to
work with the team as they disrupt the way cloud infrastructure and security
are managed today."