Security News > 2020 > March > CoreStack raises $8.5M to expand sales and accelerate product development

The investment round will bring CoreStack's total funding to $13 million and will help the company aggressively expand its sales and marketing efforts as well as accelerate product development.

The Series A financing follows a record year of growth for CoreStack which saw a rapidly expanding roster of enterprise clients across U.S., Europe and India, key executive appointments, and significant market traction with enterprises adopting CoreStack as Governance landing zone for large scale cloud adoption.

"We believe enterprises will continue to ensure that their increasing investment in multiple clouds is protected with strong governance. The company has made impressive strides in the marketplace and we are excited to partner with CoreStack in their journey as they continue building a great company."

Customers typically see annual cloud cost savings of 20%-60% when they use the CoreStack Cloud Governance solution.

"As enterprises rapidly embrace cloud as a part of their digital transformation initiatives, there is an increasing need for continuous and autonomous governance across compliance, security, operations, cost and consumption," said Ezhilarasan Natarajan, CEO of CoreStack.

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