Tenacity raises $3m for public cloud security project

Tenacity says the $3 million will help the SaaS provider continue its goal of delivering workable, cloud-based security to SMBs.

Tenacity, cloud security company, has raised $3 million funding. The round was led by Hyde Park Angels, with participation from Sandalphon Capital, Base Investments UK, and others.

The funding will enable Tenacity to drive its go-to-market strategy further and enhance product roadmap development.

For small businesses, handling cloud security, compliance, and costs can be a nightmare. Tenacity says that while there are solutions that exist to help business owners manage those areas, they typically come with inefficiencies, greater expenses, or other inadequacies, and when an audit or attack occurs, these businesses are often left scrambling.

Tenacity was created to help businesses seamlessly manage those key areas. Designed to be a “self-serve” solution, the platform uses AI to provide actionable data related to security posture, spending insights, and compliance misconfigurations, eliminating the need for new staff or consultants. Since the company’s founding, it has provided comprehensive solutions to a wide range of mid-market enterprises.

Alex Brown, board member at Tenacity and former CEO of cloud services firm 10th Magnitude says: “Tenacity has reimagined access to the cloud security landscape for every business.

“Ease of use, as well as a foundation of solid cloud optimization and security expertise, is critical. Everyone who runs a company in the cloud knows that cost, security, and compliance are problems that have to be solved every day."

Jason Yaeger, CEO and co-founder of Tenacity adds: "We’re thrilled to have achieved this milestone, as it gives us the resources we need to continue scaling our business to help other businesses succeed.“As we continue to scale, we keep that mission central to our work, ensuring that we’re delivering new functionality that meets the needs of our growing client base.”

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