We are thrilled to announce a major accomplishment in Citadel's journey. Our Australian-born, cloud-native Security and Compliance startup has successfully raised an oversubscribed AU$1M seed funding round. This significant milestone in our journey came to fruition through the support of visionary venture capital firms such as Flying Fox, Archangel, and 1 in 100 Ventures, along with strategic angel investors who believed in our mission.

This investment round is not only a validation of our vision but also a powerful catalyst propelling us towards our expansion goals. Citadel has already made inroads into the US market, a trend confirmed by the great early traction we've achieved. With the fresh capital injection, we intend to significantly enhance our presence in the US and continue to extend our global footprint.

Allan Denot, CEO of Citadel, goes on to say “ This investment will go a long way to enable Citadel to continue to grow and deliver on its mission to make cloud management simpler and more accessible for all. “

Mark Ghiasy, Head of Growth added, "Our partnership with these VCs validates our vision to deliver a much needed product in a market, where security breaches and vulnerabilities are becoming more and more prevalent. With customer data at stake, our customers are able to see a demonstrable uplift in their security and compliance posture, once they implement Citadel and use it on an ongoing basis. We are very excited to expand into the US with the capital injection providing the needed support to make strategic investments in our go to market efforts. “

Our dedication to simplifying cloud security and compliance for businesses of all sizes is unwavering. With this round of funding, we will be better equipped to accelerate our go-to-market efforts and further position Citadel in the rapidly growing cloud security and compliance market. Our investors' belief in our potential and mission will drive us to continue delivering exceptional service and innovative solutions to our customers.

We are sincerely grateful for the trust our investors have placed in us, and equally excited about the opportunities that lie ahead. Our growth is testament to our hard-working team and to the businesses who have trusted us with their AWS security and compliance needs. We are eager to take the next steps on our journey and look forward to continuing to make cloud management simpler and more accessible for all. Stay tuned for more exciting updates from Citadel!