Internet technology conglomerate Alphabet led a $22m series C round for US-based cloud cybersecurity technology provider Evident.io yesterday.
Private equity firm Bain Capital and venture capital firms True Ventures and Venrock also participated in the round. Alphabet invested through GV, the corporate venturing unit formerly known as Google Ventures.
Founded in 2013, Evident.io has built a software product called Evident Security Platform (ESP) that helps organisations manage security risk for their public cloud infrastructure on the Amazon Web Services platform.
The funding will be used to develop and introduce new features for ESP and expand it to other cloud platforms such as Google Cloud Platform and Microsoft Azure.
GV partner Tyson Clark said: “Evident.io’s platform has proven to aid in the rapid remediation of security vulnerabilities, allowing developers and operations staff to train on best practices and identify potential insider threats.
“Evident.io offers a compelling security compliance solution designed to scale, expand and operate across multiple public cloud environments.”
The round took Evident.io’s overall funding to $49m. It raised $1.5m in a 2013 seed round before adding $9.9m the following year in a round led by Bain Capital subsidiary Bain Capital Ventures and backed by True Ventures. Both returned for a $15.7m series B round led by Venrock in April 2016.