AppOmni collets $10m in Series A led by ClearSky

AppOmni, a SaaS security and management platform, has collected $10m in its Series A which was led by ClearSky.

Inner Loop Capital also contributed to the round, marking its first investment into AppOmni. Previous backers of the FinTech including Costanoa Ventures, Silicon Valley Data Capital and Twilio’s COO George Hu, also contributed to the Series A.

The company closed a $3m seed round last year and launched from stealth.

With the fresh funds, the company is looking to boost sales and marketing operations and expand its product development teams in both its San Francisco headquarters and its Colorado innovation centre.

AppOmni helps protect companies from cloud-based data leaks by continuously monitoring SaaS applications via their public APIs and evaluates their exposure and data risk against security policies. Instead of waiting for a data breach to happen, the company helps businesses to identify and remediate risky configurations, improper access controls and data exposures.

It boasts automated security and compliance controls, including reporting processes.

AppOmni CEO and co-founder Brendan O’Connor said, “Cloud providers often do a great job securing their networks and infrastructure. But buying a safe car doesn’t make you a good driver. We’ve seen first-hand how hard it is for organizations to apply consistent security and access controls across the broad spectrum of SaaS applications their business relies on.

“AppOmni is helping organizations solve the growing problem of securely managing and monitoring their disparate SaaS applications by providing much-needed insight, visibility, and governance into cloud services.”

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