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Cado Security Banks $20M in Series B Funding

French investment firm Eurazeo leads a $20 million bet on Cado Security, a British cloud forensics technology startup.

Cado Security, a British startup building technology for cloud forensics and incident response, has closed a $20 million funding round to fuel ambitious expansion plans.

The London-based company said Series B financing was led by Eurazeo, a French investment and asset management firm. Ten Eleven Ventures, a prior backer, also expanded its equity stake.

Cado Security has raised $31.5 million in venture capital funding since launching in 2020 as a platform to help enterprise defenders manage cloud investigations.

The Cado Security technology offers automated data collection from cloud and containers, along with support for on-premises systems. The company said its tools can perform a full forensic acquisition and analysis of on-premise, cloud (AWS EC2) and containerized systems (Docker, Kubernetes, OpenShift. AWS Fargate).  

With the $20 million in new money, Cado Security has its eyes set on global expansion with plans to speed up sales and marketing activities. 

The company also plans to beef up research and development work into its flagship product, which promises “forensic-level detail into cloud, container, and serverless environments.”  

Related: Thoma Bravo to Buy Magnet Forensics in $1.3B Transaction

Related: Cloud Forensics Firm Cado Security Raises $10 Million Series A Funding

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Related: Cisco to Acquire Valtix for Cloud Network Security Tech

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

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