A Grand Junction-based company that provides data security services around the world has completed financing that brings total funding for the firm to $10 million.

Cloudrise secured additional funding from Three Kings Capital with add-on capital from existing investors Stormbreaker Ventures and the Greater Colorado Venture Fund.

“Our latest funding venture is a major milestone, allowing Cloudrise to fast-track industry changing initiatives for how professional services are delivered in the cyber industry via our tech-enablement approach,” said Rob Eggebrecht, co-founder and chief executive officer of Cloudrise.

In addition to the funding, Cloudrise announced Bill Ryckman, managing principal at Three Kings Capital, will join the board of directors.

“We are very pleased to be partnering with Cloudrise and its proven management team led by Rob Eggebrecht,” Ryckman said. “Cloudrise is a well-known leader in the data protection market with particular expertise in the cloud and a reputation for delivering exceptional service. As more and more businesses embrace the cloud, Cloudrise has become an integral partner to a diverse set of clients across the country and around the world, helping to keep their data safe from cyber criminals. With its high-quality team and technology-enabled platform, Cloudrise is well-positioned to serve our collective mission on a much wider scale.”

Eggebrecht and his co-founders launched Cloudrise in Denver in October 2019. They brought to the venture decades of experience with data protection in working for other companies as well as operating their own firm. They relocated Cloudrise in 2021 to Grand Junction and what Eggebrecht said he considers a more authentic part of Colorado offering scenic vistas and outdoor recreation.

Cloudrise recently moved into new headquarters at the Las Colonias Business Park and has expanded the staff working there.

Cloudrise offers a range of services to companies large and small, Eggebrecht said, in assessing their capabilities to protect their most important data and providing automated processes and other resources to do so.

Cloudrise has worked with hundreds of customers around the globe, including Fortune 500 firms, on data protection and cloud security projects.

Eggebrecht said Cloudrise offers a better approach that meets changing needs. “The current status quo for delivering professional services in the cyber industry is outdated, inefficient and does not scale to the world of cloud computing in global enterprises today. While organizations are contending with the exponential growth of data and an excessive amount of cyber security application/platforms, traditional service providers are stuck in a mindset of a help desk, ticket-driven world, attempting to throw more people at the problem.”

Instead of allocating more time and resources to data security challenges, Eggebrecht said Cloudrise leverages a proprietary service delivery platform to increase efficiencies, enable better collaboration and reduce time needed to deliver high-value outcomes. 

By bundling software and staff, Cloudrise delivers services that allow customers to realize immediate benefits for their business, he said.

Cloudrise announced in April the company acquired CyberOrchard. The transaction added what Eggebrecht said is some of the greatest technical talent in the world in data protection, including a new chief technology officer in Jason Bird, founder and CEO of CyberOrchard.

With its location in a suburb of London, the addition of the firm also helps in accommodating a global operation, Eggebrecht said.

In addition to the acquisition, Cloudrise announced Netskope named Cloudrise as its Global Services Partner of the Year. A U.S. software company, Netskope provides a computer security platform.

CRN named Cloudrise to its list of the top managed service providers for 2022.

Eggebrecht said he expects the staff in Grand Junction to grow along with the company — perhaps to 200 to 300.

That in turn will promote still more growth not only in terms of economic development for the Grand Valley, but also in personal development for individuals and their families, he said.

For more information about Cloudrise, call (800) 917-7619 or visit www.cloudrise.com.