Press release

DivvyCloud Enhances Industry-Leading Cloud Security With Expanded IAM Capabilities, Compliance Scorecard, and Threat Protection; Achieves 230 Percent YoY Revenue Growth

Sponsored by Businesswire

the leading independent provider of security and compliance automation
for cloud and container environments, today announced new capabilities
and technological advancements to its solution, as well as significant
company growth achieved over the last 18 months. Fueled by a recent $19
million funding round and additions to the company’s leadership team,
DivvyCloud has achieved 230 percent year-over-year (YoY) revenue growth
and 100 percent growth in its customer base.

“As companies continue to implement multi-cloud strategies, they need a
platform that allows them to fully embrace self-service access without
losing control,” said Brian Johnson, CEO and co-founder of DivvyCloud.
“Our solution uses automated remediation to minimize risks associated
with misconfigurations, policy violations, threats, and Identity and
Access Management (IAM) challenges, and gives enterprises a unified
security posture for their multi-cloud and container environments,
ensuring continuous security and compliance. Our new product
capabilities make this process even easier. In a market sector with
enormous demand, DivvyCloud is driving innovation, solving customer pain
points, and enabling customers to balance their need for innovation at
speed with security.”

Product Innovations

DivvyCloud’s growth in terms of revenue and customer base can be
attributed to its focus on innovation and dedication to customer
success. DivvyCloud has made the following enhancements to its product
offering to further allow customers to strengthen and simplify security
and compliance management:

  • IAM Protection. DivvyCloud helps organizations govern IAM and
    adopt a unified zero trust security model across their cloud and
    container environments. In these environments, everything has an
    identity: users, applications, services, and systems. This provides
    enormous flexibility, but also creates the opportunity for substantial
    risk as every service is potentially reachable by every other one,
    regardless of location, but only if an implicit trust is defined.
    DivvyCloud’s expanded capabilities help companies address this
    perimeter fluidity and the substantial challenges created by security
    professionals having to govern cloud environments at scale. With
    DivvyCloud, companies can protect the identity perimeter at scale
    through automated monitoring and remediation around access management,
    role management, identity authentication, and compliance auditing.
  • Risk Assessment and Auditing. DivvyCloud helps security,
    governance, risk, and compliance professionals quickly assess risk and
    make informed decisions about how to manage and remediate risk. In
    order to build trust, organizations must be able to prove to
    executives, auditors, and stakeholders that their cloud environments
    are well-governed. The DivvyCloud Compliance Scorecard delivers a
    visual representation of risk aligned with regulatory or industry
    standards, or customers’ own corporate standards, through an
    interactive heat map. This heat map provides a unified view across all
    cloud environments and can be filtered by facets like cloud
    environment, account, business unit, application, risk profile,
    compliance standard, etc. The Compliance Scorecard assists teams of
    all types, including auditors, operations, security, and compliance,
    in identifying areas where risk exists, as well as providing guidance
    for acting appropriately to remediate this risk. It provides a way to
    prove to executives and auditors, through data, the current and
    historical state of security and compliance. Additionally, the
    Compliance Scorecard can be used to deliver actionable and
    understandable data to business units and teams to demonstrate where
    security posture improvement is necessary and how their security
    posture is trending.
  • Threat Protection. DivvyCloud delivers a unified approach to
    monitoring and responding to threats to cloud accounts and
    workloads across multiple clouds, and makes it easy to implement
    automation that reduces remediation and recovery time. To deliver
    threat protection, DivvyCloud leverages cloud service provider (CSP)
    services (e.g. Amazon GuardDuty) for best-in-class intelligent threat
    detection that continuously monitors for malicious activity and
    unauthorized behavior. For example, GuardDuty analyzes tens of
    billions of events across multiple AWS data sources, such as AWS
    CloudTrail, Amazon VPC Flow Logs, and DNS logs and helps detect
    activity such as crypto-currency mining, credential compromise
    behavior, communication with known command-and-control servers, or API
    calls from known malicious IPs. When a threat is identified,
    DivvyCloud can perform automated remediation actions including
    reconfiguring cloud services, making changes to cloud infrastructure,
    driving human-centered workflows with integration into systems like
    ServiceNow and Jira, and orchestrating workflow actions in other
    security and management systems.

Company Growth

Since its founding in 2013, DivvyCloud has experienced immense growth,
which has accelerated in recent months. Specific metrics include:

  • Two hundred percent YoY revenue growth in the past 18 months
  • One hundred percent increase in customer base over the past 18 months,
    including several new marquee customers such as Twilio, 3M, Autodesk,
    Pizza Hut, CoStar, and Kroger
  • Only one enterprise customer has been lost in the five-year history of
    the company while annual recurring revenue (ARR) growth from existing
    customers has been upwards of 30 percent–proof of the immense growing
    value that DivvyCloud provides to its customers

Strengthened Leadership Team

DivvyCloud has doubled its staff in the past year, including
significantly growing its engineering team to continually drive product
innovation. Additionally, strategic additions to the company’s
leadership team include:

  • Scott Totman, vice president of engineering. Totman leads the
    innovation, development, and delivery of DivvyCloud’s software. Prior
    to joining DivvyCloud, Totman was the vice president for Capital One’s
    Digital Products Engineering organization, which builds every digital
    touchpoint for Capital One customers through web and mobile platforms.
    Prior to Capital One, Totman worked at AOL running AIM and ICQ, the
    world’s largest messaging platforms at the time.
  • Rick Juneja, vice president of customer success. Juneja is
    focused on driving adoption of DivvyCloud’s software by demonstrating
    value and enhancing relationships within the company’s broad customer
    base. Juneja’s experience as the senior vice president of customer
    success, professional services and support at OPower (acquired by
    Oracle) will prove invaluable. During his tenure at OPower, Juneja was
    a key player in the company’s growth from $27 million to $150 million
    in ARR.


DivvyCloud’s innovation in cloud security continues to receive
recognition with wins in well-known industry awards, including:

To learn more about DivvyCloud’s automated cloud security and compliance
solution, visit
Booth 731 at AWS re:Inforce 2019
from June 25-26 in the Boston
Convention and Exhibition Center.

About DivvyCloud

DivvyCloud protects cloud and container environments from
misconfigurations, policy violations, threats, and IAM challenges. With
automated, real-time remediation, DivvyCloud customers achieve
continuous security and compliance, and can fully realize the benefits
of cloud and container technology. Freedom is good. Chaos is bad. To
learn more: