SAN FRANCISCO — AppOmni, which operates a Software-as-a-Service (SaaS) security and management platform, has raised $10 million in Series A funding led by ClearSky. New investor Inner Loop Capital also participated in the round, joining existing investors Costanoa Ventures, Silicon Valley Data Capital, and Twilio’s COO George Hu.
AppOmni has secured a total of $13 million in financing to date. It plans to use the new funding to accelerate sales and marketing operations, and bolster the startup’s product development teams at both their corporate headquarters in San Francisco and their Innovation Center in Carbondale, CO.
“As more businesses rely on cloud services, each with hundreds of service configurations, SaaS applications will continue to be a main source of data breaches. We are excited to be part of AppOmni’s journey. The team is composed of industry veterans that come from some of the largest and high profile SaaS companies where they gained unique perspectives on securing cloud applications,” said Patrick Heim, Operating Partner at ClearSky. “With a great deal of focus being placed on infrastructure cloud security, we strongly believe that risks in SaaS environments have been largely overlooked and that AppOmni is uniquely positioned to uncover and manage them.”
AppOmni’s solution is ideal for organizations relying on SaaS solutions for business critical needs, and is already serving a diverse client base including Fortune 500 organizations and associations from a wide variety of industry sectors. The platform provides customers an always-on dashboard that delivers visibility into the current state of their cloud/SaaS applications, deviations from their business intent, and a simple way to immediately verify the state of any application from both functional and security perspectives. Unlike traditional solutions based on proxy or gateway architecture, AppOmni’s patent-pending technology can be deployed in minutes to continuously scan SaaS APIs and configurations to identify real-time data exposures and misconfigurations in minutes – often uncovering exposures a company didn’t know about.
“Cloud providers often do a great job securing their networks and infrastructure. But buying a safe car doesn’t make you a good driver. We’ve seen first hand how hard it is for organizations to apply consistent security and access controls across the broad spectrum of SaaS applications their business relies on,” said AppOmni CEO and Co-Founder, Brendan O’Connor. “AppOmni is helping organizations solve the growing problem of securely managing and monitoring their disparate SaaS applications by providing much-needed insight, visibility, and governance into cloud services. We are thrilled to partner with ClearSky to continue our mission of securing the applications that power the enterprise. We look forward to expanding our rapidly growing customer base and increasing our reach in the market.”