Anitian, which offers enterprise cloud security and compliance software, raises a $55M Series B led by Sageview Capital, bringing its total funding to $71M (Malia Spencer/Portland Business Journal)
Anitian, which offers enterprise cloud security and compliance software, raises a $55M Series B led by Sageview Capital, bringing its total funding to $71M — A Portland-area cloud security and compliance software maker has secured $55 million from investors to further fuel growth of its enterprise platform. Source:
Anitian Raises $55M in Series B Funding
In this article, we will discuss about anitian 55m sageview capital 71mspencer. Anitian has raised $55M in Series B funding led by Sageview Capital. The startup is focused on solving the pain points associated with cloud infrastructure security and compliance. It offers a cloud-based security platform that works on both AWS and Azure.
Anitian raises $55M Series B led by Sageview Capital
Anitian, a leading provider of cloud security and compliance automation, has raised $55 million in a Series B round led by Sageview Capital. The company plans to use the new capital to further its transformation and expansion. A co-founder of Sageview Capital will join the board of directors of Anitian. Anitian is a security and compliance automation company that automatically builds, configures, and monitors cloud environments. Its SecureCloud platform unifies DevOps and security and streamlines compliance.
The investment team of Sageview Capital has a strong track record, having invested in more than thirty growth capital projects. With offices in Palo Alto, California, and Greenwich, Connecticut, the firm focuses on infrastructure software and cybersecurity. The firm invests globally.
The company’s portfolio includes PlanRadar, a digital field management platform. It also has SaaS Labs, an automation platform for SMEs. Its portfolio also includes interactive contact center software and B2B wholesale platform Dropee. It also received funding from Morgan Stanley Private Credit.
The fund’s founders have a strong track record, having backed startups with a total of $430 million in funding. The company’s investors include Scale Venture Partners, Foundry Group, and Costanoa Ventures. Its average lead investment is 50 million dollars, and the firm is involved in between two and six deals annually.
The company plans to accelerate growth
In its Q2 2019 earnings release, the Company plans to accelerate growth by investing in its key growth drivers and focusing on a diversified portfolio. The Company expects to achieve revenue growth in the mid to high single digits with an adjusted EBIT margin of 15% by Fiscal 2025. This will be driven by advancing the most impactful growth drivers and maximizing reinvestment and capital returns.
In addition to investing in its team and product development and engineering capabilities, Iconic Brands will also invest in its marketing and social media presence to increase awareness of its products and services. The Company intends to continue building its industry leadership and developing differentiated products for new markets. To accelerate its growth, the Company plans to invest in new facilities and services to meet the demands of its clients.
Product investment
Anitian is a provider of enterprise cloud compliance and security software. In a Series B round led by Sageview Capital, the Portland-based company secured $55 million to fuel its expansion. Anitian’s new capital also includes Ned Gilhuly joining the board of directors.
The transaction is expected to close in the second quarter of 2022. SageView was advised by Bryan Cave Leighton Paisner LLP and Centerview Partners. Capital One was represented by Wachtell, Lipton, Rosen & Katz. The two companies will be combined as SageView.
Prior funding rounds
Anitian is a provider of pre-engineered cloud security and compliance automation solutions. It has raised a $55 million Series B round led by Sageview Capital. The company has raised $71 million to date and the new capital will go toward further expansion. The startup has also added Ned Gilhuly to its board of directors.
The amount of capital a startup will receive depends on many factors, including valuation, maturity, and growth prospects. The earliest stage of startup funding is usually not included in the prior funding rounds. This phase is called pre-seed funding and involves funds raised from the company’s founders, family members, and friends.
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