# CloudTruth

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cloudtruth

- Industry: Software
- Headquarters: Boston, US
- Website: www.cloudtruth.com
- Total disclosed funding: $7.7M
- Latest round: Seed (Nov 10, 2022)
- Investors on record: 5

## About

CloudTruth, Inc. is a Boston-based company specializing in configuration and secrets management, providing a platform that enhances deployment processes for enterprises by eliminating misconfigurations.Founded in 2019 in Boston, MA, CloudTruth, Inc. delivers a Config Data Platform that aids organizations in managing configuration data effectively. The company was co-founded by Greg Arnette and Matt Conway, with Christian Tate serving as the CEO. CloudTruth raised USD 2.4 mn in Seed funding on November 10, 2022, led by UBMB, with participation from Glasswing Ventures, Stage 1 Ventures, and York IE. The total amount raised by the company stands at USD 2.4 mn, with a current company valuation of USD 20.404 mn.CloudTruth specializes in configuration and secrets management through its innovative Config Data Platform, designed to eliminate misconfigurations and accelerate deployment processes for enterprises. The platform integrates automated management of configuration data and secrets, helping organizations avoid shipping delays caused by chronic configuration errors. Key functionalities include scheduled secret and certificate rotations, centralized compliance tracking, and dynamic updates that ensure accurate configuration during deployments. The primary clientele consists of enterprise engineering teams from various sectors, including insurance, cloud engineering, and DevOps, who utilize CloudTruth to streamline their configuration management processes. The service operates in various geographical markets, notably including North America and Europe, where organizations face increasing demands for efficient and secure configuration management solutions.CloudTruth's revenue model largely hinges on a subscription-based structure, providing clients with tiered access to its platform and services. Businesses typically engage in annual contracts that cover access to the core features of the Config Data Platform, which includes tools for managing Infrastructure as Code (IaC) and cloud configuration management. Clients benefit from customizable pricing plans based on their specific needs, such as the size of their operational teams or the complexity of their configuration environments. Partnerships with major enterprises further enhance revenue streams by integrating CloudTruth's solutions into existing workflows, effectively managing secrets and configuration data critical in reducing operational risks and enhancing productivity.Following its Seed funding round in November 2022, CloudTruth intends to utilize the USD 2.4 mn raised to enhance its marketing efforts and customer acquisition strategies, while also improving its product offerings. The company aims to launch new products designed to further streamline configuration management processes, although specific release dates have not been disclosed. CloudTruth is also planning to expand its operations into additional markets, targeting regions within North America and Europe to capture the increasing demand for configuration management solutions.

## Funding rounds

- Seed, Nov 10, 2022, $2.4M — Stage 1 Ventures, Glasswing Ventures, York IE, UBMB
- Seed, Jun 22, 2021, $5.3M — Stage 1 Ventures, Glasswing Ventures, Gutbrain Ventures, York IE
- Seed, Oct 5, 2020 — Glasswing Ventures
- Seed, Aug 29, 2019 — Gutbrain Ventures

## Investors

- Gutbrain Ventures (https://capitalatlas.ai/funds/gutbrain-ventures) — Seed
- Glasswing Ventures (https://capitalatlas.ai/funds/glasswing-ventures) — Seed
- Stage 1 Ventures (https://capitalatlas.ai/funds/stage-1-ventures) — Seed
- York IE (https://capitalatlas.ai/funds/york-ie) — Seed
- UBMB (https://capitalatlas.ai/funds/ubmb) — Seed