Submitted by Folake Dosu on Mon, 06/24/2019 - 02:45

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Aptible announced last week that it has closed $12 million in Series A funding led by Maverick Capital. Additional investors included Thrive Capital and Western Technology Investment. 

The funding helped Aptible launch Aptible Comply, a security automation and compliance platform designed for companies of all sizes. While enterprise companies at a higher risk for cybersecurity threats, small businesses need secure and affordable options to meet compliance needs.

“We’ve taken everything we’ve learned about security and compliance and turned that into Aptible Comply. We’ve been fortunate enough to help hundreds of innovative companies deploy assets to the cloud securely, and assist them in passing compliance audits along the way.”

“We’ve taken everything we’ve learned about security and compliance and turned that into Aptible Comply,” said Chas Ballew, Aptible’s co-founder and CEO. “We’ve been fortunate enough to help hundreds of innovative companies deploy assets to the cloud securely, and assist them in passing compliance audits along the way.” Prior to founding Aptible, Ballew served on active duty in the Army as a lawyer at the Pentagon where his specialty was regulation.

As a cybersecurity SaaS solution, Aptible Comply is addressing an underserved market that struggles to navigate highly complex compliance processes with limited resources. “We’ve designed Aptible Comply to act as a company’s first security hire,” said Frank Macreery, Aptible CTO.

Use cases for Comply include achieving certification in regulated industries, making vendor security questionnaires turnkey, and objectively improving data protection.

“As regulatory pressures and public scrutiny about privacy practices increase, building a strong security management program is paramount for companies of all sizes. Aptible helps companies automate away the pain of complying with security rules, while increasing confidence in data privacy and protection,” said Matt Kinsella, Managing Director, Maverick Capital, who led the Series A investment in Aptible.

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