NRFC Invests $22.5 Million in Vault Cloud
Vault Cloud has recently received an investment of $22.5 million from the National Reconstruction Fund Corporation (NRFC). This funding will be instrumental in expanding Vault’s existing offerings, including its SECRET Cloud service, and in developing new capabilities such as the AUKUS cloud capability. The investment aims to enhance Vault’s ability to deliver secure, Australian-based cloud storage services tailored for various clients, including defence customers, federal and state government agencies, and private sector businesses that require secure storage solutions.
Key Highlights of the Investment:
- Expansion of Services: The NRFC’s investment will enable Vault to broaden its service offerings and enhance its existing capabilities, ensuring that it can meet the growing demand for secure cloud services.
- Support for Australian Innovation: This investment will allow Vault to scale its IP generation, opening up new value-adding opportunities and expanding its customer base, particularly among defense and security contractors engaged by the government.
- Strengthening National Security: Vault’s secure sovereign cloud services are designed to safeguard and onshore confidential data for Australian governments and organisations. The NRFC’s investment will facilitate the expansion of these services to additional federal and state agencies, as well as private sector businesses involved in the defence and national security supply chains.
As “Australia’s National Hyperscale Cloud,” Vault is committed to delivering a secure and sovereign infrastructure that supports national interests and fosters innovation. This investment further solidifies our role in providing advanced cloud solutions that meet the unique needs of our clients.
For more detailed information about the NRFC’s investment and its implications for Vault Cloud, you can read the full press release here.
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The $22.5m investment in Canberra that will help to run the new AUKUS subs