Rising Beaverton cybersecurity company raises $55M

A Portland-area cloud security and compliance software maker has secured $55 million from investors to further fuel growth of its enterprise platform.

Anitian's Series B round was led by Sageview Capital and included existing investor Forgepoint Capital. As part of the deal Sageview co-founder and Partner Ned Gilhuly is joining the Anitian board.

Anitian makes software that helps customers quickly create secure and compliant cloud environments within which they can build their own applications. The platform works with AWS and Azure and are preconfigured to security standards such as FEDRAMP and PCI.

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This money will be used to expand the company’s reach. The Beaverton company is hiring: It has 14 roles listed on its website ,including engineering, recruiting, IT admin and compliance.

“This round of funding propels our ability to further accelerate Anitian's growth and leadership position in the market by delivering automated, pre-engineered platforms that empower enterprises to get their applications to the cloud and market faster,” said CEO Rakesh Narasimhan in a written statement. “We're grateful for our trusted customers, investors, and partners who are helping Anitian deliver on its promise of enabling customer business growth while expanding our team, markets, and product portfolio.”

Anitian was founded in 1995 as a more traditional services and security research firm. However, it started developing its own tool to fill in a market gap. The team eventually opted to shift to a product company. In doing so, it raised its first round of capital in 2019, securing $11 million from ForgePoint.

The company's product greatly reduces the time and complexity of creating secure development environments within cloud infrastructure and frees DevOps staff to work on other areas.

Since 2019, the company has won several industry awards for its product and built out a seasoned executive team. Narasimhan joined as CEO in 2020, and last year the company named Julie Crawford CFO.

“Anitian's unique technology is poised to disrupt an exploding cloud security and compliance market that's clamoring for innovation,” said Sageview’s Gilhuly in a written statement. “With its automated solution, Anitian already leads the market for FedRAMP compliance which is poised to grow strongly as the federal government continues to adopt cloud solutions to lower costs and enhance efficiency.”