Security News > 2020 > January > AppOmni Raises $10 Million to Help Companies Prevent Cloud Misconfigurations
San Francisco-based startup AppOmni has raised $10 million in Series A funding round led by ClearSky and supported by existing investors Costanoa Ventures, Silicon Valley Data Capital, and Twilio's COO George Hu. This brings the total raised by the firm to $13 million.
The problem is the sheer volume of SaaS applications used by businesses - dozens for smaller companies and hundreds for the larger enterprises - all of which have different security controls sometimes with user manuals running to a hundred or more pages.
"Our purpose is to help companies scan, secure and monitor their SaaS applications to understand their current state of data access. We can discover misappropriate sharing and can put guardrails around that data access. We help the company drive the car safely."
AppOmni scans the configuration of the different SaaS applications.
"We give the companies the ability to see their current running state. Ninety-two percent of risk assessments that we've done," said O'Connor, "Have found critical data exposed externally on the internet. AppOmni is helping organizations solve the growing problem of securely managing and monitoring their disparate SaaS applications by providing much-needed insight, visibility, and governance into cloud services."