CoreStack, a worldwide multi-cloud governance SaaS provider, has raised $30 million in Series B fundraising headed by Avatar Growth Capital, with Dallas Venture Capital (DVC), Iron Pillar, and other angel investors also participating.
Following its Series A in March 2020, CoreStack now has a total funding of $45 million. CoreStack will use the funds to continue its quick growth and innovation with AI-powered continuous and autonomous cloud governance at scale, as well as make significant advances into new areas, according to the business.
Ezhilarasan Natarajan, CEO of CoreStack, added, ”Adoption of enterprise cloud solutions has witnessed a massive uptick post-pandemic. CoreStack is leading the way in helping these companies unleash the power of cloud through governance across compliance, security, operations, cost, and consumption. We are thrilled that we can further expand and innovate, thanks to the new partnership with Avatar Growth Capital, as well as the continued support of our existing investors.”