Nirmata Secures $9.6 Million to Enhance Security Automation Solutions
Nirmata Secures $9.6 Million to Enhance Security Automation Solutions
New funding led by Peak XV Surge, with participation from Dallas Venture Capital, Dreamit Ventures, Z5 Capital, and Uncorrelated Ventures, aims to accelerate Nirmata's global market expansion and product development.
Nirmata, a recognized leader in cloud-native security policy automation and governance solutions, is excited to announce a significant $9.6 million funding round. This latest investment is driven by a wave of unprecedented customer growth, with plans to further expand its presence and enhance product offerings.
The demand for Kubernetes and container technologies continues to soar as businesses evolve their operations. Current statistics indicate a staggering growth rate of over 30% CAGR for cloud-native and AI-driven applications. This sharp increase has led many organizations to establish platform engineering teams. However, transitioning to modern practices has its challenges, often marred by legacy security solutions and complex compliance requirements.
Nirmata offers advanced Policy-as-Code solutions through its Nirmata Control Hub, designed to automate security across diverse cloud environments. This platform not only streamlines operations but also enables security and platform teams to function more efficiently and responsively. This combination offers a remarkable enhancement in productivity as teams work to stay ahead of fast-evolving AI-driven innovation.
Recent achievements by Nirmata underscore its growth trajectory. Notable highlights include:
- A remarkable tenfold increase in annual revenues for policy and governance products in recent assessments.
- Nirmata's recognition as a top contributor to the Cloud Native Computing Foundation (CNCF) in 2024.
- The Kyverno open-source policy engine for Kubernetes, developed by Nirmata, achieves over 3.2 billion downloads, securing its place as a leading CNCF project.
- Kyverno is currently trusted and utilized by significant organizations, including well-known names like LinkedIn, Deutsche Telekom, and Wayfair.
"The security of software faces a critical juncture, as the growing complexity of cloud-native environments overwhelms security and platform teams, often resulting in fatigue and hampered innovation. By automating security within delivery pipelines, companies can enforce governance proactively, preventing breaches before they can occur," shared Saqib Syed, a board member at Nirmata. He praised the exceptional growth and vision of Nirmata and the Kyverno community.
Jim Bugwadia, Co-Founder and CEO of Nirmata, emphasized the company's strong positioning to meet the increasing demand for comprehensive security and governance in today’s rapidly advancing cloud-native ecosystem. This recent funding round further affirms the market's strong appetite for Nirmata’s solutions and will empower the company to scale operations and support more organizations in fortifying their cloud-native environments.
With a growing footprint in the U.S. and beyond, Nirmata is broadening its market impact while receiving numerous industry accolades. Recent accolades include being recognized for innovation and excellence in security automation and governance.
About Nirmata
Nirmata stands as a premier provider of cloud-native policy and governance solutions. It enables businesses to innovate securely at scale, powered by Kyverno, a leading open-source Kubernetes policy engine. With a robust platform supporting real-time policy enforcement across multi-cloud environments, Nirmata ensures operations remain secure and compliant. For more details, please visit www.nirmata.com or engage with Nirmata on their social media platforms.
Frequently Asked Questions
What is the purpose of Nirmata's recent funding?
The funding is aimed at accelerating global market expansion and enhancing product development in cloud-native security solutions.
Who led the funding round for Nirmata?
The funding round was led by Peak XV Surge, along with participation from several investors, including Dallas Venture Capital and Dreamit Ventures.
What are Nirmata's main offerings?
Nirmata specializes in cloud-native security policy automation and governance solutions, primarily through its Policy-as-Code offerings.
How has Nirmata's revenue changed recently?
Nirmata has seen a tenfold increase in annual revenues for its policy and governance products.
What is Kyverno?
Kyverno is an open-source policy engine for Kubernetes developed by Nirmata, recognized as a significant project within the CNCF, with over 3.2 billion downloads.
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