- Established in 2014, Runecast provides an AI-driven platform for security compliance, vulnerability assessment, and configuration management within hybrid and multi-cloud environments.
- Using AI and natural language processing, the Runecast platform automatically detects misconfigurations that may trigger security audits or outages.
Dynatrace Inc., a provider of software intelligence platforms, recently revealed its agreement to acquire Runecast Solutions Ltd., a startup specializing in artificial intelligence-driven security and compliance solutions, for an undisclosed amount.
Established in 2014, Runecast provides an AI-driven platform for security compliance, vulnerability assessment, and configuration management within hybrid and multi-cloud environments. This platform delivers continuous compliance monitoring, proactive assessment of known issues, risk-focused vulnerability management, and configuration drift management.
The Runecast platform scans configurations and logs to identify discrepancies against known issues, security standards, VMware Best Practices, and other practices. At the heart of its offerings lies visibility, attained through ongoing assessment of configuration, security, compatibility, and compliance.
Utilizing AI and natural language processing, the platform automatically detects misconfigurations that may trigger security audits or outages. It maintains control over sensitive data and guarantees ongoing compliance with a multitude of industry standards, including the International Organization for Standardization 27001, Health Insurance Portability and Accountability Act, National Institute of Standards and Technology, Center for Internet Security Benchmarks, Payment Card Industry Data Security Standard, and the European Union’s General Data Protection Regulation.
Prominent customers of Runecast include Avast Software s.r.o, Whirlpool Corp., Kingston Technologies Co. Inc., Orange S.A., and NYC Health Hospitals.
Dynatrace plans to integrate Runecast’s technology into its platform, augmenting its current contextual security protection and analytics capabilities with Runecast’s security posture management features. By doing so, Dynatrace aims to empower customers to proactively mitigate the risks associated with misconfigurations and compliance breaches in hybrid and multicloud environments. This will be achieved through AI-driven, automated, and real-time vulnerability assessments.
“Security posture management is a well-known and vital market because every organization needs it and has prioritized it in their technology investments for improved security,” Bernd Greifeneder, Chief Technology Officer of Dynatrace, stated. “We believe Dynatrace is differentiated in this market as the only platform leveraging contextual observability and security analytics for cloud-native applications. Runecast’s technology will enhance this advantage, elevating our runtime vulnerability analytics and protection and helping our customers to keep their clouds audit ready all the time.”
Before its acquisition, Runecast had secured USD 1.72 million in funding across two rounds, as reported by Tracxn. Investors in Runecast include Credo Ventures Management LLC, EIC Fund Management LLC, and Limerock Partners Investment Advisors LLC. The acquisition, subject to standard closing conditions, is anticipated to be finalized before the conclusion of March.