The round was led by Okapi Venture Capital and Bowery Capital, with participation from SaaS Ventures, Touchdown Ventures, Samsung Next, T-Mobile Ventures and UST. The Security-as-Code platform uses an extensible policy management plane to holistically improve cloud security for developers and security teams, and is now available to the general public covering AWS, Microsoft Azure, and Google Cloud.

Paladin Cloud is a rapidly growing, open source, cloud security company with a Security-as-Code platform that helps developers and security teams significantly reduce risks in cloud environments to protect their applications and data. The company's holistic approach to cloud security is based on its policy management plane that leverages best practice security policies in an open, connector-based architecture.