SaaS startup Druva has raised $147 mn at over $2 bn valuations. The round was led by Canada’s Caisse de dépôt et placement du Québec and saw participation by Neuberger Berman. Existing investors Viking Global Investors and Atreides Management also participated in the round. Druva, to date, has raised $475 mn. Fresh funds will be used for product development and investment in new geographies — Nordics and Australia, said CEO Jaspreet Singh.
Microsoft has suspended 18 Azure Active Directory apps on its cloud infra that were part of the popular China-based nation-state activity group – Gadolinium – that uses cloud to execute cyberattacks. Gadolinium tracks the tools, techniques of security practitioners, looking to create better methods to surpass security. In April 2020, Gadolinium actors were detected sending spear-phishing emails with malicious attachments.
The State of Cloud Security 2020 report from Sophos revealed that 100% of Indian businesses are concerned about their current levels of cloud security. 33% of IT managers struggle to convince senior management to invest in cloud security. Surprisingly, only 19% are concerned about lacking staff expertise in cloud security. 32% of Indian firms hold responsibility for maintaining their public cloud; 55% see it as theirs and cloud provider’s joint responsibility.