Fenwick & West represented CloudKnox Security, a leader in identity authorization for hybrid and multi-cloud environments, in its $12 million funding round. Led by Sorenson Ventures with participation from early investors, including ClearSky Security, Dell Technologies Capital and Foundation Capital, the round brings CloudKnox’s total funding to $22.75 million.
The new investment comes on the heels of significant growth in 2019 fueled by rising demand from enterprise organizations looking to protect their critical cloud resources from accidental and malicious insider threats. CloudKnox continues to add to its growing client roster while demonstrating award-winning product innovation. The investment will be used to further accelerate the company’s product and go-to-market plans. More information about the funding can be obtained from CloudKnox’s announcement.
The Fenwick transaction team included corporate partner Michael Esquivel and associates Thomas Kang and Larry Suh.