Styra, a cloud-native security and compliance company, recently announced that it raised $40 million in a Series B funding round. The round was led by venture capital firm Battery Ventures, with participation from previous investors such as Capital One Ventures, Citi Ventures, and A. Capital. The funding brings Styra’s total raised capital to $63 million.
Styra was founded in 2018 with the goal of helping enterprises secure their cloud-native infrastructure while maintaining compliance with industry regulations. Its platform, called Declarative Authorization Service (DAS), enables organizations atozmp3 to define and enforce policies across their entire cloud infrastructure using a unified set of rules. This allows businesses to automate security and compliance, reducing the risk of human error and ensuring consistent governance across all environments.
The need for cloud security and compliance solutions has only increased as more companies have moved to cloud-based masstamilan infrastructure in recent years. With the rise of microservices and containerization, enterprises need a way to manage security and compliance at scale across multiple cloud providers and environments. This is where Styra’s DAS platform comes in, providing a way to enforce policies and permissions across all cloud-native infrastructure.
Styra’s Series B funding will be used to further develop its platform and expand its sales and marketing efforts. The company toonily plans to hire more engineers and product managers to accelerate the development of new features for its platform. Styra also plans to expand its customer base, with a particular focus on regulated industries such as finance and healthcare.
Styra has already made significant progress in this area, with several high-profile customers using its platform. These include masstamilanfree Capital One, IBM, and Verizon. Styra’s platform has also been adopted by Kubernetes, the popular open-source container orchestration system, as a standard for authorization policy management.
Styra’s success in raising $40 million in its Series B funding round reflects the growing demand for cloud-native security and compliance solutions. As more companies adopt cloud infrastructure, the need for a unified approach to security and compliance justprintcard across all environments will only increase. Styra’s platform provides a way to achieve this, with a flexible and scalable solution that can adapt to the changing needs of modern enterprises.