CloudTruth Secures $2.4M Seed Funding to Supercharge DevSecOps Workflows, Support Company Expansion

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BOSTON, Nov. 10, 2022 /PRNewswire-PRWeb/ -- CloudTruth, the DevSecOps platform company that helps enterprise development teams manage their cloud configurations, today announced it has raised $2.4M in seed funding. The round was led by UBMB with participation from existing investors Glasswing Ventures, York IE, and Stage 1 Ventures. The funding will help scale the company's go-to-market approach, expand its customer base, and deliver product which supercharges DevSecOps pipeline build teams. The company announced that industry veteran Christian Tate has joined CloudTruth as CEO to lead the company's next phase of growth.

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Thursday, November 10, 2022
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Cloud, Business administration, Relay network, DevOps, Marketing, Wharton School of the University of Pennsylvania, Architecture, Knowledge, Adoption, Bachelor of Arts, Industrial internet of things, News, AI, Thoma Bravo, Developer, IPO, University, Growth, CEO, Hitachi, Master of Business Administration, Bachelor of Engineering, SDLC, Corporate development, Industry, Management
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  • BOSTON, Nov. 10, 2022 /PRNewswire-PRWeb/ -- CloudTruth , the DevSecOps platform company that helps enterprise development teams manage their cloud configurations, today announced it has raised $2.4M in seed funding.
  • The funding will help scale the company's go-to-market approach, expand its customer base, and deliver product which supercharges DevSecOps pipeline build teams.
  • The company announced that industry veteran Christian Tate has joined CloudTruth as CEO to lead the company's next phase of growth.
  • "CloudTruth offers DevSecOps teams that transformative element a critical control plane that enables them to release code faster and more securely."


CloudTruth Secures $2.4M Seed Funding to Supercharge DevSecOps Workflows, Support Company Expansion

Cloud Native Configuration and Secrets Management Platform Company Names Industry Veteran Christian Tate CEO

BOSTON, Nov. 10, 2022 /PRNewswire-PRWeb/ -- CloudTruth, the DevSecOps platform company that helps enterprise development teams manage their cloud configurations, today announced it has raised $2.4M in seed funding. The round was led by UBMB with participation from existing investors Glasswing Ventures, York IE, and Stage 1 Ventures. The funding will help scale the company's go-to-market approach, expand its customer base, and deliver product which supercharges DevSecOps pipeline build teams. The company announced that industry veteran Christian Tate has joined CloudTruth as CEO to lead the company's next phase of growth.

According to Emergen Research, the global DevSecOps market will reach $23.4 billion by 2028. The rising need for repeatable, adaptive processes and custom code security are key factors driving industry demand. DevSecOps teams struggle to manage secrets and uniform configuration schema for cloud and application resources. Configuration complexity causes outages, security flaws, and decreased team velocity.

CloudTruth accelerates build pipelines with a systematic way to inject and manage all configurations, including secrets, into code releases which improves developer, DevOps, and Platform Engineering productivity.

"At UBMB, we invest in companies harnessing the power of AI and cloud-native technologies to transform markets," said Spencer Gaffney, UBMB Partner. "CloudTruth offers DevSecOps teams that transformative element – a critical control plane that enables them to release code faster and more securely."

"CloudTruth reduced production deployment time from 2 months to 2 weeks. It's like having a SRE at my developers' fingertips," said Brendan Putek, Director of DevOps at Relay Networks.

"CloudTruth is an essential part of any modern SDLC, and GreenPages is recommending the platform to our clients as a part of our GitOps practice," said Matt O'Donnell, Director of Cloud Architecture at GreenPages.

CloudTruth Appoints CEO
To lead CloudTruth in its next growth phase, Christian Tate joins the leadership team as CEO. Previously, Christian was part of the business development and leadership team that catapulted Double-Take Software from single-digit to triple-digit revenue growth, IPO, and exit to Thoma Bravo. At Hitachi Vantara, Christian served as Vice President of Corporate Development and was responsible for the company's storage, IIoT, and Cloud technologies. Christian received his Master's in Business Administration from The Wharton School and his Bachelor of Arts from the University of Rochester. Reporting to Founder and Chief Product Officer Greg Arnette, Christian is responsible for leading CloudTruth's operations, sales, and marketing teams.

"Christian brings a wealth of knowledge to CloudTruth as we look to scale the company and our footprint globally," said Greg Arnette. "With our additional funding and Christian on board, we are continuing to expand upon our ability to connect the powerful value of the CloudTruth platform in real business operating terms for our prospects in the marketplace."

"I am excited to join the CloudTruth team at this inflection point where we see increased adoption of DevSecOps solutions among enterprises. Addressing the build and deploy pipeline is a natural evolution of the growing complexity and scale of cloud-native applications," said Christian Tate, CEO of CloudTruth. "Too many DevSecOps teams cobble together a secrets and configuration solution that doesn't scale, slows them down, and compromises security. It's time to fix that and adopt a new paradigm."

New CloudTruth Features
In addition to the new funding and executive appointment news, the CloudTruth team unveiled new features for DevOps, Developers, and Platform Engineering teams, including:

  • Secrets Federated Manager / Broker
  • Terraform Provider
  • Kubernetes Operator
  • Secret Store Integrations: Hashi Vault, AWS Secrets Mgr, Azure Key Vault, and GCP SM
  • CI/CD Integrations: GitHub Actions, GitLab Pipelines, Argo CD, CircleCI, and Jenkins
  • Role Based Access Control (RBAC)
  • Advanced Temples (Inheritances and Overrides)
  • History, Change Tracking, Audit, and Reporting

 

Explore how CloudTruth can accelerate developer productivity, remove workflow bottlenecks and improve build processes here: CloudTruth SaaS Platform Free Trial

ABOUT CLOUDTRUTH

CloudTruth supercharges DevSecOps workflows and accelerates enterprise build and deploy pipelines by giving teams a systematic way to inject and manage all configurations, including secrets, into code releases which improves developer, DevOps, and Platform Engineering productivity. To learn more about how CloudTruth can help solve configuration issues, visit cloudtruth.com

Media Contact

Christian Tate, CloudTruth, 1 7812542581, [email protected]

 

SOURCE CloudTruth

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