Iron Pillar, a venture growth investor backing companies built from India, announced $4 million investment in CoreStack, a cloud governance and compliance SaaS startup based in Seattle with development in Chennai.
Iron Pillar Fund II is targeting growth stage cloud software companies.
CoreStack announced its $8.5 million Series A in March, 2020 led by Dallas Venture Capital (DVC) with participation from Jim Dubois, former Microsoft CIO, and Abidali Neemuchwala, former Wipro CEO.
CoreStack enables enterprises to keep their cloud infrastructure compliant with industry standards and regulations while significantly boosting operational efficiencies and reducing costs. CoreStack has grown over 200 percent per year over the past three years.