UPDATED 09:00 EDT / NOVEMBER 20 2018

SECURITY

Cloud security startup Alcide lands $7M in Series A funding round

Cybersecurity startup Alcide, a subsidiary of Alcid.IO Ltd., says it’s ready to play with the big boys now.

Today, it announced it has landed $7 million in a Series A round of financing that it plans to use to fuel its expansion into the U.S., Europe and the Middle East. The round was led by new investor CE Ventures, with participation from previous investors Intel Capital and ELRON Electronic Industries Ltd. Design.

The company has built what it calls a “full stack cloud-native security platform.” Launched in April, the platform has a key component, a “machine-learning-driven” microservices firewall that gives developers a simple way to define, apply and enforce security policies for their cloud-based applications.

Developers can quickly identify any activity not allowed in the network and close it down before any damage can be done. Alcide’s firewall is used to embed security policies into apps during the design process and automatically enforce them once the apps are up and running.

With its platform, Alcide is hoping to cater to the security needs of the growing number of enterprises adopting a multicloud strategy, which involves using a combination of different public and private clouds and on-premises infrastructure. The company said its security platform can be used across hybrid environments, software container, virtual machines, bare metal servers and serverless infrastructure.

Despite being launched just seven months ago, Alcide’s platform has made some significant traction. Its product is already available in the Amazon Web Services Inc. and Microsoft Corp. Azure marketplaces, and the company was recently listed as a “Cool Vendor” in the cloud security market by analyst firm Gartner Inc.

“We built Alcide as a security solution that can enforce unique app-based security policies across all services, uniformly and automatically, but can also address the real need of security and DevOps teams to have one consolidated and comprehensive approach that includes the network, applications and external services,” Ranny Nachmias, Alcide’s co-founder and chief executive, said in a statement.

Image: JuralMin/Pixabay

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