CoreStack, a Bellevue, Wash.-based global multi-cloud governance SaaS provider, raised $30m in Series B funding.
The round, which brings total funding to $45m, was led by Avatar Growth Capital, with participation from Dallas Venture Capital (DVC), Iron Pillar, and other angel investors. In conjunction with the funding, Avatar Growth Capital Managing Director Abhay Havaldar will join CoreStack’s Board of Directors, upon required legal clearances.
The company intends to use the funds to continue its pace of growth and innovation with its AI-powered continuous and autonomous cloud governance at scale, while also making strategic headway with expansion into new markets.
Led by Ezhilarasan Natarajan, CEO, CoreStack provides an AI-powered next generation multi-cloud governance solution for enterprises to rapidly achieve continuous and autonomous cloud governance at scale. It enables enterprises to realize outcomes across FinOps, SecOps and CloudOps, such as decrease in cloud costs and increase in operational efficiencies by governing operations, security, cost, access, and resources. CoreStack also assures compliance with standards such as ISO, FedRAMP, NIST, HIPAA, PCI-DSS, AWS CIS & Well-Architected Framework. The company works with many large global customers across multiple industries including Financial Services, Healthcare, Retail, Education, Telecommunications, Technology and Government.
CoreStack is a Google Cloud Build Partner, Microsoft Azure Gold & Co-Sell Partner, and Amazon AWS Advanced Technology Competency Partner.