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Last spring, Kapil Thangavelu and Travis Stanfield quit their tech jobs to launch Stacklet and help companies secure and manage their cloud networks.
Then the coronavirus was declared a global pandemic.
“Markets were in free fall and companies did not know what to do,” said Thangavelu, an Arlington local who founded Cloud Custodian, a popular open-source solution for securing and managing cloud systems, while working at Capital One.
Six months later, Stacklet which builds on Cloud Custodian and provides professional services that an open-source project cannot was starting paying off. The Clarendon-based company had raised $4 million in funding in August.
Stacklet Extending Cloud Custodian to Advance Cloud Governance The lead commercial sponsor behind the open-source Cloud Custodian project is moving forward in 2021 with new funding to provide a complete view of cloud governance.
Managing cloud resources can be a challenging task for organizations of any size, which has led to a rise in cloud governance tools. Among the most widely used is
Cloud Custodian, an open-source project backed by commercial vendor
On Jan. 13, Stacklet announced that it raised $18 million in a Series A round of funding that was led by Addition, with participation from Foundation Capital, bringing total funding to date for the Arlington, Virginia-based startup to $22 million.
Stacklet raises $18M for its cloud governance platform
Stacklet, a startup that is commercializing the Cloud Custodian open-source cloud governance project, today announced that it has raised an $18 million Series A funding round. The round was led by Addition, with participation from Foundation Capital and new individual investor Liam Randall, who is joining the company as VP of business development. Addition and Foundation Capital also invested in Stacklet’s seed round, which the company announced last August. This new round brings the company’s total funding to $22 million.
Stacklet helps enterprises manage their data governance stance across different clouds, accounts, policies and regions, with a focus on security, cost optimization and regulatory compliance. The service offers its users a set of pre-defined policy packs that encode best practices for access to cloud resources, though users can obviously also specify their own rules. In addition, Stacklet offers a numbe