Dublin, Ireland—September 5, 2024—CloudSphere, the company behind the Illuminate360 platform that offers comprehensive IT visibility, has announced a successful $12 million Series B funding round. Atlantic Bridge led the round, which included participation from a group of existing global investors, including ST Engineering and others. The new capital will fuel CloudSphere’s growth strategies, including expanding its comprehensive IT visibility platform into the security operations space.
CloudSphere CEO John Foster said the funding round “validates the strong market for CloudSphere’s technology.”
Foster noted that the company’s unique platform scans the entire IT estate and contextualizes the data to present a business services-level view of the estate. Armed with this context of business services, he said that security operations (sec ops) and development operations (dev ops) teams are better equipped to prioritize responses based on business criticality.
Foster said having a unified view of the IT estate enables collaboration across the organization to instill and prioritize security processes.
“We’re thrilled to partner with Atlantic Bridge and our other investors as we enter our next growth phase,” he said.
CISOs frequently need more visibility across their entire IT system, particularly on-prem legacy applications that are complex, custom systems built and added to over many years. Illuminate360 is particularly strong at identifying large legacy applications to fill this blind spot for CISOs. With CloudSphere, CISOs no longer have to worry about what they don’t know as they respond to regulatory and governance audits.
“Atlantic Bridge is very excited about the opportunity we see for CloudSphere’s platform as a foundational technology supporting security operations in IT management. We’re pleased to lead this round and continue to support the CloudSphere team as this technology comes to this rapidly growing market,” said Kevin Dillon, Partner at Atlantic Bridge. “As part of the funding round, Rohini Kasturi, a veteran of the data and security space, has joined CloudSphere’s Board of Directors.
Contact Information:
CloudSphere PR Team
Email: press@cloudsphere.com
About CloudSphere
CloudSphere’s market-leading application and services discovery platform, Illuminate360, provides up-to-date, accurate, and comprehensive visibility of your IT estate, including servers, applications, and the interdependencies between applications. As IT management transitions to generative AI, CloudSphere’s Knowledge Graph stands as the ground truth for your LLM-powered interactions, ensuring accurate, reliable responses and enabling confident deployment of generative AI.