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Monad, a cloud security firm, has raised $17M in a Series A round led by Index Ventures and Sequoia Capital, bringing it out of stealth. Monad will utilize the funding to further its development efforts for its security data cloud platform.
The startup’s Series A funding round takes the company’s total funding raised to $19 million and comes 12 months after its Sequoia-led seed round. Monad will use the funding to expand its development efforts for its security data cloud platform, according to the company.
Monad, which provides a platform for extracting and connecting data from various security tools, was founded on the belief that enterprise cybersecurity is becoming more of a data management challenge as companies try to understand and interpret massive amounts of data siloed in disconnected logs and databases.
The startup’s Security Data Platform enables an organization to centralize data from security solutions within a data warehouse of choice, normalize and enrich the data, and provide security teams with the insights they need to efficiently secure their systems and data.
Security is fundamentally a big data problem. Customers are often unable to access their security data in a streamlined manner that DevOps and cloud engineering teams need to build their apps quickly while also addressing their most pressing security and compliance challenges. We founded Monad to solve this security data challenge and liberate customers’ security data from siloed tools to make it accessible via any data warehouse of choice.Christian Almenar, CEO and co-founder of Monad
Christian and Jacolon Walker, both security veterans, founded Monad in May 2020. Walker served as CISO and security engineer at OpenDoor, Collective Health, and Palantir, while Almenar co-founded serverless security firm Intrinsic, which VMware bought in 2019.