Monad, Inc., a San Francisco, CA-based security data cloud company, emerged from stealth with $17m in Series A funding.
The round, , which brought total investment to $19m, was led by Index Ventures with participation from Sequoia Capital, Christian Almenar and Jacolon Walker. Shaun Maguire, partner at Sequoia, will join the Monad board of directors along with Carlos Gonzalez-Cadenas, partner at Index Ventures, joining as board observer.
The company intends to use the funds to scale its development efforts for its security data cloud platform.
Founded by security veterans Christian Almenar and Jacolon Walker in May 2020, Monad provides a platform for customers to connect data from various security tools into any data warehouse, making it easier to build security applications and compliance workflows. The platform enables teams to extract and connect the data from their essential security tools, centralize that data within a data warehouse of choice, and normalize and enrich data so teams have the insights they need to secure their systems and data. Monad also allows security operations teams to more completely utilize the full capabilities of their security tool sets based upon the actual status of their environment.
The company also hired Amer Deeba to lead its commercial efforts.