Software intelligence platform provider Dynatrace Inc. announced today that it has agreed to acquire artificial intelligence-powered security and compliance solutions startup Runecast Solutions Ltd. for an undisclosed sum.

Founded in 2014, Runecast offers an AI-powered platform for security compliance, vulnerability assessment and configuration management in hybrid and multi-cloud environments. The platform provides continuous compliance monitoring, proactive known issues assessment, risk-based vulnerability management and configuration drift management.

The Runecast platform continuously scans configurations and logs against known issues, security standards, VMware Best Practices and various other best practices. Core to its offering is visibility, achieved through the continuous assessment of configuration, security, compatibility and compliance.

The platform uses AI and natural language processing to automatically discover misconfigurations that can lead to security audits or cause outages. It maintains control of sensitive data and ensures continuous compliance with various industry standards such as the International Organization for Standardization 27001, Center for Internet Security Benchmarks, National Institute of Standards and Technology, Payment Card Industry Data Security Standard, Health Insurance Portability and Accountability Act and the European Union’s General Data Protection Regulation.

Notable Runescast customers include Avast Software s.r.o, Kingston Technologies Co. Inc., Whirlpool Corp., Orange S.A. and NYC Health + Hospitals.

Dynatrace intends to add Runecast’s technology to its platform to enhance its existing contextual security protection and analytics with Runecast security posture management. Doing so, it said, will enable customers to address the risks of misconfigurations and compliance violations in hybrid and multicloud ecosystems proactively, based on AI-driven, automated, real-time vulnerability assessments.

“Security posture management is a well-known and vital market because every organization needs it and has prioritized it in their technology investments for improved security,” Dynatrace Chief Technology Officer Bernd Greifeneder said in a statement. “We believe Dynatrace is differentiated in this market as the only platform leveraging contextual observability and security analytics for cloud-native applications. Runecast’s technology will enhance this advantage, elevating our runtime vulnerability analytics and protection and helping our customers to keep their clouds audit ready all the time.”

Coming into its acquisition, Runecast had raised $1.72 million over two rounds, according to Tracxn. Investors include EIC Fund Management LLC, Credo Ventures Management LLC and Limerock Partners Investment Advisors LLC.  The acquisition, subject to regular closing conditions, is expected to be completed before the end of March.

Image: Runecast