Spectro Cloud completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.
Only 8 percent of companies are securing 75 percent or more of their cloud-native applications with DevSecOps practices today, with that number jumping to 68 percent of companies securing 75 percent or more of their cloud-native applications with DevSecOps practices in two years, according to a new survey by Enterprise Strategy Group (ESG) and Data Theorem entitled Security for DevOps – Enterprise Survey Report.
The study results also revealed that API-related vulnerabilities are the top threat concern (63 percent of respondents) when it comes to serverless usage within organizations.
“This study reveals that while organizations have started, there is more work to be done when it comes to securing their cloud-native apps with the benefits DevSecOps offers,” said Doug Cahill, Senior Analyst and Group Practice Director of Cybersecurity for ESG. “Fundamental changes to application architectures and the infrastructure platforms that host them are antiquating existing cybersecurity technologies and challenging traditional approaches to protecting business-critical workloads. Organizations should consider newer approaches to securing their cloud-native apps, particularly solutions that address API-related vulnerabilities, which tops respondents’ minds when identifying their top threat concern.”
Additional key findings of the study include:
■ API security was the top area reported for current or projected incremental spend; and API security was reported as most important by respondents among the cloud-native application security controls, at 37 percent.
■ 82 percent of surveyed organizations have different teams assigned to secure cloud-native apps. Of this group, 50 percent of respondents’ organizations plan to merge these responsibilities in the future, while 32 percent of respondents’ organizations do not plan to merge these responsibilities.
■ More than half of respondents indicated their organization’s software developers are already using serverless functions to some extent, with another 44 percent either evaluating or planning to start using serverless within the next two years.
■ When asked what are the most important pre-deployment cloud-native application security controls, software vulnerability scanning of registry-resident container images was the top answer at 26 percent from respondents. The next most important pre-deployment cloud-native application security control was API vulnerability management, at 25 percent.
■ Deployment flexibility and support for all types of servers and compute platforms were the top two answers (both at 38 percent) when indicating the most important attributes of products used to secure cloud-native apps.
“ESG’s industry report is aligned with what we’ve long suspected with organizations, and with what we have witnessed in the industry,” said Doug Dooley, Data Theorem COO. “Production workloads are shifting to public cloud platforms, and organizations are quickly adopting serverless functions. They need to understand the associated risks and new threat model they are facing, and the means of addressing these cloud native and API risks.”
Methodology: ESG completed its research for the report this summer to determine the composition of cloud-native applications, their challenges, and future priorities for securing cloud-native applications. Overall, the study analyzed responses from 371 IT and cybersecurity professionals at organizations in North America responsible for evaluating, purchasing, and managing cloud security technology products and services. These organizations are mature cloud users in terms of public cloud services and/or containers. Survey participants represented a wide range of industries, including manufacturing, financial services, health care, communications and media, retail, government, and business services.
Industry News
The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, has announced significant momentum around cloud native training and certifications with the addition of three new project-centric certifications and a series of new Platform Engineering-specific certifications:
Red Hat announced the latest version of Red Hat OpenShift AI, its artificial intelligence (AI) and machine learning (ML) platform built on Red Hat OpenShift that enables enterprises to create and deliver AI-enabled applications at scale across the hybrid cloud.
Salesforce announced agentic lifecycle management tools to automate Agentforce testing, prototype agents in secure Sandbox environments, and transparently manage usage at scale.
OpenText™ unveiled Cloud Editions (CE) 24.4, presenting a suite of transformative advancements in Business Cloud, AI, and Technology to empower the future of AI-driven knowledge work.
Red Hat announced new capabilities and enhancements for Red Hat Developer Hub, Red Hat’s enterprise-grade developer portal based on the Backstage project.
Pegasystems announced the availability of new AI-driven legacy discovery capabilities in Pega GenAI Blueprint™ to accelerate the daunting task of modernizing legacy systems that hold organizations back.
Tricentis launched enhanced cloud capabilities for its flagship solution, Tricentis Tosca, bringing enterprise-ready end-to-end test automation to the cloud.
Rafay Systems announced new platform advancements that help enterprises and GPU cloud providers deliver developer-friendly consumption workflows for GPU infrastructure.
Apiiro introduced Code-to-Runtime, a new capability using Apiiro’s deep code analysis (DCA) technology to map software architecture and trace all types of software components including APIs, open source software (OSS), and containers to code owners while enriching it with business impact.
Zesty announced the launch of Kompass, its automated Kubernetes optimization platform.
MacStadium announced the launch of Orka Engine, the latest addition to its Orka product line.
Elastic announced its AI ecosystem to help enterprise developers accelerate building and deploying their Retrieval Augmented Generation (RAG) applications.
Red Hat introduced new capabilities and enhancements for Red Hat OpenShift, a hybrid cloud application platform powered by Kubernetes, as well as the technology preview of Red Hat OpenShift Lightspeed.
Traefik Labs announced API Sandbox as a Service to streamline and accelerate mock API development, and Traefik Proxy v3.2.