With $3.3 million in seed funding, Paladin Cloud is launching to

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PISCATAWAY, NJ, July 11, 2022 (GLOBE NEWSWIRE) — Cloud Paladin, the cloud-native open-source security company, today announced a $3.3 million seed funding round led by Okapi Venture Capital and Bowery Capital, with participation from SaaS Ventures, Touchdown Ventures, Samsung Next , T-Mobile Ventures and UST. The Security-as-Code platform uses an extensible policy management plane to comprehensively improve cloud security for developers and security teams, and is now available to the general public spanning AWS, Microsoft Azure, and Google Cloud.

Co-founders Daniel Deeney (CEO) and Steve Hull (CTO) started the company to help companies identify and eliminate misconfigurations and reduce security risks in their cloud environments. Hull is the original creator of the PacBot open source community, and the two have developed a broader vision for leveraging the power of open source to engage the developer community with a modern security framework that includes an open architecture for connect to a wide variety of cloud-based enterprise systems, such as Kubernetes, container analytics, API gateways, and threat intelligence. The open source platform contains hundreds of best practice security policies while providing authoring capabilities to create custom policies and rules. Key platform features and functionality include automatic remediation and role-based access control (RBAC), to drive automated workflow and remediation.

“We started the company to change the security paradigm for developers and security teams by providing a holistic approach to cloud security through a modern open source platform that functions as a policy management blueprint on multi-cloud and enterprise systems,” said Daniel Deeney, Co.-Founder and CEO. “Our vision for the open source community is to provide developers with a powerful platform with visibility into their cloud environments to identify top risks and protect their applications,” said Steve Hull, co-founder and CTO.

Paladin Cloud supports developers on their cloud-native journey by helping them identify blind spots in their cloud environments to protect their applications and data. The single-pronged policy management plane provides visibility into cloud assets with continuous real-time monitoring to quickly identify and remediate security risks. For security teams, Paladin Cloud’s powerful visualization and compliance reports provide actionable intelligence and context to help prioritize important events.

Until now, companies relied on manual automation, depended on expensive, closed solutions, or were limited by the knowledge required to integrate various open source tools. As cloud configurations become increasingly complex and dynamic, misconfiguration of cloud resources has become a major security issue. To address these challenges for developers and security teams, Paladin Cloud provides a robust, enterprise-grade open source platform for cloud security and governance.

Its main features include:

  • Modern cloud-based UI management dashboard with actionable intelligence and context
  • Hundreds of best-practice security policies across AWS, Azure, and Google Cloud
  • Extensible policy management plane to connect to cloud-based enterprise systems
  • Plug & Play connector-based (agentless) architecture and policy creation capabilities
  • Prioritize policy violations based on severity to drive automated workflows
  • Autofix which includes one-click fixes and autofixes
  • Custom asset groups and policies by industry and geography
  • Role Based Access Control (RBAC)

Paladin Cloud’s open source product is free to download and use on GitHub. The company supports its users through its Soft and Gitter canals. If developers and security teams need an enhanced level of support with service level agreements, the company offers annual support contracts. Paladin Cloud is delighted to be a proud member of the CNCF community.

“Given the evolution of the cloud and the ever-increasing complexities associated with protecting it, we are very pleased to be able to work with Paladin Cloud and believe that their cloud security policy management expertise, solution architecture and open source approach will quickly make it the market leader and the preferred choice of companies worldwide,” said Marc Averitt, co-founder and managing director of Okapi Venture Capital.

“Remote work has become a forced function for digital transformation, leaving many large enterprises at risk when it comes to cloud security. Paladin Cloud is the easiest open source option for managing cloud security policies today and we believe the company is well positioned to meet developer-level businesses with the tools they need to build and deploy securely,” said Loren Straub, general partner, Bowery Capital.

About Paladin Cloud
Paladin Cloud is a rapidly growing, open-source cloud security company with a Security-as-Code platform that helps developers and security teams dramatically reduce risk in cloud environments to protect their applications and data . The company’s holistic approach to cloud security is based on its policy management plane that leverages best-practice security policies in an open, connector-based architecture. Paladin Cloud is backed by Okapi Venture Capital, Bowery Capital, SaaS Ventures, Touchdown Ventures, Samsung Next, T-Mobile Ventures and UST. For more information, please visit paladincloud.io or join us on LinkedIn, Twitter.

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