Accurics Raises $20 Million Series A Funding
October 21, 2020

Accurics announced $20 million across seed and series A financing raised in the past six months, with Intel Capital leading the Series A and ClearSky leading the seed.

The new investment will support Accurics’ market momentum and help the company continue to develop technology that self-heals cloud native infrastructure by codifying security throughout the development lifecycle.

“We envision a world where organizations can innovate with confidence - and our mission is to fill the gap between benefit and threat by enabling cyber resilience as organizations embrace cloud native infrastructure,” said Accurics Co-founder & CEO Sachin Aggarwal.

As more businesses embrace the cloud, cyber resilience becomes increasingly critical. The core security issue with cloud native infrastructure is that it’s programmatically built and provisioned using Infrastructure as Code; the manual approaches to security currently in place can’t keep pace with the high velocity of change. Accurics rises to the challenge with technology that programmatically detects and mitigates risks before infrastructure is provisioned (which dramatically reduces the attack surface from the beginning), monitors the infrastructure in runtime for changes by authorized or malicious users, and programmatically mitigates a variety of risks. Accurics self-heals cloud native infrastructure by codifying security throughout the development lifecycle.

“As cloud breaches continue to increase in velocity and scale, it’s apparent that cloud security techniques must evolve to become programmatic, continuous, and comprehensive,” said Sunil Kurkure, Managing Director at Intel Capital. “Accurics provides these advantages by self-healing cloud infrastructure which is essential to cyber resilience and we are excited to participate in supporting the next phase of the company’s growth.”

Patrick Heim, Partner & CISO, ClearSky said: “ClearSky Security Fund I invests in transformative security solutions. The Accurics approach clearly meets this objective in that it transforms cloud security from being mostly reactive into being proactive, continuous, and integrated into DevOps processes. We believe Accurics has the potential to drastically enhance existing expectations of cloud security.”

In just six months, the company has seen tremendous industry interest in its innovative technology. Accurics champions the belief that protecting cloud native infrastructure requires mitigating risks in Infrastructure as Code (IaC) early in the development lifecycle and maintaining that posture in runtime by eliminating risks from changes. Risks must be identified by monitoring for policy violations, as well as by performing threat modeling to identify potential breach paths; and enabling “self-healing” to remediate and apply fixes.

The funding follows important technology integrations with multi-cloud infrastructure automation software provider HashiCorp, software development platform leader GitHub and DevOps platform provider CircleCI, among others.

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