Lightspin nets $16m as it hopes to triple its team size

Cloud security platform Lightspin has netted $16m in its Series A round, which was led by Dell Technologies Capital.

The round also received a “significant” contribution from previous Lightspin backer Ibex Investors.

This equity injection will help the company to triple the size of its team, which will be divided across its US and Israel teams. The company will  maintain its “commitment to gender balance across all departments.”

Founded in 2020, the company has built a context-based cloud security platform for cloud-native and Kubernetes environments. Its platform offers a full contextual view of cloud assets and relationships, maps potential attack paths and prioritises and remediates attack incidents.

Its clients include both startups and Fortune 500 corporations.

Ibex Investors partner Nicole Priel said, “Lightspin has demonstrated exceptional growth and technical innovation using graph-based algorithms to effectively protect cloud and Kubernetes environments, all while relieving security owners of alert fatigue. We are delighted to continue supporting Lightspin in their journey to provide real value to customers while maintaining an open-source repository for the broader community.”

With the close of the Series A, the RegTech company has raised a total of $20m.

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