Rencore, which fosters governance of cloud collaborations, has picked up $4m in its Series A funding round, which was led by Capnamic.
With the funds, the company hopes to scale its product offering and extend the international reach of its services. It also hopes to hire more staff and bolster its partner distribution channel.
Rencore is a B2B software company that gives companies the tools to control their cloud collaboration technologies. Its technology can simplify, automate and accelerate their governance, risk and compliance processes.
The platform can scale cloud governance for a range of Microsoft 365 services, such as Teams and OneDrive, with support for many others in the pipeline.
Its tools connects with Microsoft 365 services to offer a central portal, it then monitors the environment and details findings into a report and dashboard, it then offers a pre-defined set of governance rules to spot violations, and finally, it will automate the handling of various levels of violations based on the organisation’s process.
Capnamic managing partner Christian Siegele said, “With cloud becoming the default operating mode, organizations are under pressure to ensure secure and efficient operations of their cloud applications. Already today, renowned organizations worldwide rely on Rencore’s governance solution for this – which demonstrates the company’s technological leadership.
“We look forward to supporting the passionate team around Matthias and Torsten with establishing Rencore as the “global champion” for cloud collaboration governance solutions.”
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