2021 Growth Positions oak9 as Infrastructure Leader as Code Security

CHICAGO, Feb. 08, 2022-(BUSINESS WIRE)-oak9, a leader in infrastructure-as-code (IaC) security, has achieved a 2021 stand-out and is poised to accelerate growth into 2022.

In June of 2021, oak9 announced a $ 5.9M seed round of financing led by Menlo Ventures and jointly by Hyde Park Angels and Uncorrelated Ventures. oak9 then launched its product in August after more than two years in engineering and development. Oak9 has since forged partnerships and integrations with several key development and workflow platforms, including GitHub, ServiceNow, and Jira, with more to come in 2022. In particular, the company signed several major deals in Q4 and quadrupled its workforce in the last 12 months.

Based on its performance in 2021 and plans for strategic growth in 2022, oak9 projects 500% revenue growth this year. To reach that milestone, the company plans to double its headcount in the first half of 2022. This includes hiring in India, where the company has opened a second office in one of the fastest-using IaC markets in the world.

“2021 is about launching our platform and carving out our market space,” said Raj Datta, co-founder and CEO of oak9. “2022 is about rapid acceleration and growth to meet the needs of our customers. As more organizations look to use IaC, our growing list of integrations and our expanding team will position oak9 to be leading security platform in the market. “

As companies continue to use and adopt IaC, they recognize the inherent security risks that arise when accelerating the development process. The oak9 platform speeds up the delivery of cloud-native applications while providing comprehensive security to automatically find and fix vulnerabilities where they exist.

Gartner predicts that global IT spending will increase by 5.1% in 2022, totaling $ 4.5 trillion, and Forrester estimates cloud security spending to reach more than $ 12 billion by 2023, continues to be topped by company flexibility and agility.

Currently available through the AWS marketplace – and soon the Azure marketplace – the oak9 platform acts as a force multiplier that seamlessly integrates with the software development lifecycle, evaluates infrastructure as code, and natively integrates security based on a holistic and comprehensive view of the architecture of an application and components. This saves customers money by taking up security design spaces prior to production, avoiding the substantial waste and re-creation associated with fixing issues after an application lands in production. . Continuous, dynamic monitoring maintains security and compliance throughout a customer’s evolving ecosystem.

About oak9

The oak9 platform is built for developers and is blessed with security to speed delivery. It seamlessly integrates into the development pipeline, evaluates infrastructure as code, and builds security across cloud-native applications to make them secure and design compliant. Learn more at oak9.io.

Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20220208005356/en/


Matt McLoughlin
Gregory FCA
[email protected]

#Growth #Positions #oak9 #Infrastructure #Leader #Code #Security #Source Link #2021 Growth Positions oak9 as Infrastructure Leader as Code Security

Leave a Comment