Company to Aggressively Expand Global Growth and Accelerate Rollout of Cutting-Edge Enterprise Cloud Governance Solutions

BELLEVUE, Wash.–(BUSINESS WIRE)–March 17, 2020–

CoreStack, a Seattle-based venture-backed startup that empowers enterprises to attain steady and autonomous cloud governance at scale, at present introduced an $8.5 million Series A funding spherical led by Naya Ventures alongside participation from different strategic traders. The funding spherical will carry CoreStack’s complete funding to $13 million and can assist the corporate aggressively broaden its gross sales and advertising and marketing efforts in addition to speed up product growth. Naya Ventures Managing Director Dayakar Puskoor will be part of CoreStack’s Board of Directors.

CoreStack Announces $8.5 Million Series A Financing Round Led by Naya Ventures

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CoreStack Announces $8.5 Million Series A Financing Round Led by Naya Ventures

CoreStack Enterprise Cloud Governance (Photo: Business Wire)

The Series A financing follows a file yr of development for CoreStack which noticed a quickly increasing roster of enterprise shoppers throughout U.S., Europe and India, key govt appointments, and important market traction with enterprises adopting CoreStack as Governance touchdown zone for big scale cloud adoption. Gartner has acknowledged Corestack each in its Magic Quadrant for Cloud Management Platforms -2020 and Cool Vendors in Cloud Computing -2019. The Company was not too long ago awarded a U.S. Patent on Orchestration of Multiple Cloud Platforms and Services. CoreStack is a Microsoft Azure Gold & Co-sell Partner and Amazon AWS Advanced Technology Partner.

“CoreStack’s offering is well-timed with the rapidly increasing demand for enterprise cloud governance,” mentioned Puskoor, Managing Director of Naya Ventures. “We believe enterprises will continue to ensure that their increasing investment in multiple clouds is protected with strong governance. The company has made impressive strides in the marketplace and we are excited to partner with CoreStack in their journey as they continue building a great company.”

CoreStack permits enterprises to repeatedly and autonomously preserve their cloud infrastructure compliant with {industry} requirements and laws whereas offering a major increase in IT operational efficiencies. Customers usually see annual cloud value financial savings of 20%-60% after they use the CoreStack Cloud Governance resolution.

CoreStack’s Autonomous Enterprise Cloud Governance offers prospects with:

  • Continuous compliance with computerized subject decision for {industry} requirements and regulatory frameworks comparable to FedRAMP, NIST, HIPAA, ISO, PCI DSS, AWS WAF, Azure CIS, and AWS CIS.
  • Centralized view of a number of cloud accounts and their entry by consumer and cloud service mixed with intelligence on how the entry is utilized and figuring out and fixing violations robotically.
  • Cloud Ops automation utilizing operational guardrails for monitoring, alerts, backups, useful resource locks, exercise, and logging.
  • Overall cloud spend visibility and enterprise degree funds controls, spend monitoring and identification of potential cost-saving alternatives.

“As enterprises rapidly embrace cloud as a part of their digital transformation initiatives, there is an increasing need for continuous and autonomous governance across compliance, security, operations, cost and consumption,” mentioned Ezhilarasan Natarajan, CEO of CoreStack. “We’re at the cutting edge of this innovation, as has been substantiated by recent recognitions by Gartner, but we fully recognize we can’t do this alone. The financial partnership and enterprise expertise of Naya Ventures as well as the continued support of Z5 Capital and other investors will immensely help to accelerate the execution of our vision. We’re beyond thrilled and I join the entire CoreStack team in warmly welcoming Naya Ventures on board,” he added.

About Naya Ventures

Naya Ventures is an U.S. and India based mostly enterprise capital agency investing in early stage B2B firms. Founded with the thesis of being a fund consisting of entrepreneurs investing in entrepreneurs, Naya helps its portfolios by hands-on assist within the areas of product and market growth. Naya has invested in over 20 firms and has generated 5 exits up to now. Some examples of Naya’s worth add mannequin embody: Kore.ai, Altia Systems (Acquired for $125M), Hyperverge, Docsynk, and others. Naya’s portfolio enterprise worth exceeds $1B, and the fund is actively investing in formidable entrepreneurs trying to associate with traders who’ve been of their sneakers. For extra info, please go to: www.nayaventures.com.

About CoreStack

CoreStack is a quickly rising venture-backed startup that empowers enterprises to attain steady and autonomous cloud governance at scale. CoreStack is used at present by many main world enterprises and is backed by industry-leading advisors, a stellar management crew and inventive traders. Gartner acknowledged CoreStack within the Magic Quadrant for Cloud Management Platforms -2020 and Cool Vendors in Cloud Computing -2019. CoreStack was based in 2016 by Ezhilarasan Natarajan, Rathinasabapathy Arumugam, Krishnakumar Narayanan and Thiruvalluvar NB. To study extra about CoreStack’s Enterprise Cloud Governance and to request a no-obligation demonstration, go to www.corestack.io/discover.

CoreStack Announces $8.5 Million Series A Financing Round Led by Naya Ventures

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Bala Vishwanath
Chief Marketing Officer
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