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Accurics raises $20m, continues mission to enhance cloud-native security
Wed, 14th Oct 2020
FYI, this story is more than a year old

Accurics has announced it has raised $20 million across seed and series A financing in the past six months since the company launched. Intel Capital led the Series A and ClearSky led the seed round.

Accurics, a cloud cyber resilience company specialising in cloud native infrastructure, states the new investment will support the company's market momentum and help in continued development of technology.

The company provides self-healing cloud native infrastructure that works by codifying security throughout the development lifecycle.

As more businesses embrace the cloud, cyber resilience becomes increasingly critical, Accurics states.

The core security issue with cloud native infrastructure is that it's programmatically built and provisioned using infrastructure as code; the manual approaches to security currently in place can't keep pace with the high velocity of change.

To solve this issue, Accurics provides technology that programmatically detects and mitigates risks before infrastructure is provisioned (which dramatically reduces the attack surface from the beginning), monitors the infrastructure in runtime for changes by authorised or malicious users, and programmatically mitigates a variety of risks.

In six months, the company states it has seen tremendous industry interest in its technology.

Accurics co-founder and CEO Sachin Aggarwal says, “We envision a world where organisations can innovate with confidence and our mission is to fill the gap between benefit and threat by enabling cyber resilience as organisations embrace cloud native infrastructure.

"We're gratified by the level of support from investors and customers, and we pledge to continue developing solutions that meet this critical need.

Intel Capital managing director Sunil Kurkure says, “As cloud breaches continue to increase in velocity and scale, it's apparent that cloud security techniques must evolve to become programmatic, continuous, and comprehensive.

“Accurics provides these advantages by self-healing cloud infrastructure which is essential to cyber resilience and we are excited to participate in supporting the next phase of the company's growth.

ClearSky partner and CISO Patrick Heim says, “ClearSky Security Fund I invests in transformative security solutions. The Accurics approach clearly meets this objective in that it transforms cloud security from being mostly reactive into being proactive, continuous, and integrated into DevOps processes.

"We believe Accurics has the potential to drastically enhance existing expectations of cloud security.

Accurics states the company continues to champion the belief that protecting cloud native infrastructure requires mitigating risks in Infrastructure as Code (IaC) early in the development lifecycle and maintaining that posture in runtime by eliminating risks from changes.

Risks must be identified by monitoring for policy violations, as well as by performing threat modeling to identify potential breach paths; and enabling self-healing to remediate and apply fixes, the company states.