CoreStack, a Bellevue, Wash.-based startup that allows enterprises to achieve continuous and autonomous cloud governance at scale, raised $8.5m in Series A funding.
The round was led by Naya Ventures with participation from other strategic investors. In conjunction with the funding, Naya Ventures Managing Director Dayakar Puskoor will join CoreStack’s Board of Directors.
The company, which has raised $13m in total funding, intends to use the funds to expand its sales and marketing efforts as well as accelerate product development.
Founded in 2016 by Ezhilarasan Natarajan, Rathinasabapathy Arumugam, Krishnakumar Narayanan and Thiruvalluvar NB, CoreStack enables enterprises to continuously and autonomously keep their cloud infrastructure compliant with industry standards and regulations while providing a boost in IT operational efficiencies. Its Autonomous Enterprise Cloud Governance provides customers with:
- Continuous compliance with automatic issue resolution for industry standards and regulatory frameworks such as FedRAMP, NIST, HIPAA, ISO, PCI DSS, AWS WAF, Azure CIS, and AWS CIS.
- Centralized view of multiple cloud accounts and their access by user and cloud service combined with intelligence on how the access is utilized and identifying and fixing violations automatically.
- Cloud Ops automation using operational guardrails for monitoring, alerts, backups, resource locks, activity, and logging.
- Overall cloud spend visibility and enterprise level budget controls, spend tracking and identification of potential cost-saving opportunities.
The company serves enterprise clients across U.S., Europe and India.