Tenacity Raises $3MM to Make Public Cloud Security Accessible to Every Company
October 15, 2021
5 min read
On behalf of our entire Tenacity team, we are excited to announce that we raised $3 million in funding in October 2021. The round was led by Hyde Park Angels, with participation from Sandalphon Capital, Base Investments UK, and others. This funding will enable Tenacity to drive our go-to-market strategy further and enhance product roadmap development.
Especially for small businesses, handling cloud security, compliance, and costs can be a nightmare. 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.
That's why we created Tenacity to help businesses seamlessly manage those key areas. Designed to be a “self-serve” solution, our 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 our company’s founding, we have worked to provide comprehensive solutions to a wide range of mid-market enterprises.
“Tenacity has reimagined access to the cloud security landscape for every business,” said Alex Brown, board member at Tenacity and former CEO of cloud services firm 10th Magnitude. “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. Looking around, other solutions out there are solving one of these problems at most and usually by just treating the symptoms. Tenacity is a total solution for the root cause.”
“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,” said Jason Yaeger, CEO and co-founder of Tenacity. “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.”
This exciting news signals the next phase of our journey at Tenacity, after a whirlwind 30% month-over-month growth rate since January 2021 by our team and the integration of Microsoft Azure into our platform.
The Tenacity SaaS platform empowers businesses to build secure, compliant, and cost-optimized businesses in the cloud. With intelligently defined security rules, thoughtful automation, and seamless installation, the Tenacity platform provides the resources every business needs to manage their security, compliance, and costs without adding new staff or new headaches. To learn more about Tenacity, visit tenacitycloud.com.
October 15, 2021
Reflections on effective cloud security and cost management from Tenacity and friends.