Vault Cloud Secures $22.5 Million Investment from the National Reconstruction Fund Corporation (NRFC)
MEDIA RELEASE DATE: 19 December 2024
CANBERRA – Vault Cloud, Australia’s National Hyperscale Cloud, is pleased to announce 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 NRFC’s investment in Vault will help to boost Australia’s sovereign cloud capabilities. Vault is proud to provide the secure infrastructure that supports the nation’s defence and industrial goals. With the NRFC’s support, we are poised to scale our capability and help meet Australia’s strategic national security demands, whilst at the same time contributing to the nation’s economic growth”, said Rupert Taylor-Price, CEO and Founder of Vault Cloud.
Vault Cloud is the first cloud service provider to obtain the highest possible PROTECTED certification from the Australian Signals Directorate, ensuring the highest levels of security and compliance. Vault’s solutions are designed with physical, operational, and jurisdictional sovereignty, meeting the complex requirements of Australia’s most security-conscious organisations.
“As the first investment in the NRFC’s Defence Capability priority area, Vault is an excellent example of how the NRFC can invest to protect Australia’s national interests,” said Martijn Wilder AM, Chair of NRFC.
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.
This partnership further strengthens Vault Cloud’s position as the trusted provider of secure cloud services for Australia’s national security and safety critical sectors. Vault’s secure cloud platform, partner ecosystem, and deep industry expertise provide a comprehensive solution to help organisations navigate the evolving cyber threat landscape and regulatory environments.
For more detailed information about the NRFC’s investment and its implications for Vault Cloud, you can read the full press release here.
About Vault Cloud
Vault Cloud is an Australian owned and operated company specialising in secure, sovereign, hyperscale cloud infrastructure for over 12 years. Vault elevates security standards, providing a path from OFFICIAL: Sensitive, PROTECTED to higher levels of security. Vault has customers at a federal government and state government level, and across primes and the defence industry, supported by a valued partner ecosystem.
About National Reconstruction Fund Corporation (NRFC)
The NRFC invests to diversify and transform Australia’s industry and economy. It has $15 billion to invest using direct loans, equity investments and loan guarantees. The NRFC’s role is to invest in Australian businesses and projects that design, refine and make to transform capability, grow jobs and a skilled workforce, and diversify our economy. The NRFC is a corporate Commonwealth entity, established by the National Reconstruction Fund Corporation Act 2023 (NRFC Act) in September 2023.
Media Contact
Rupert Taylor-Price
Chief Executive Officer
rupert.taylor-price@vaultcloud.com.au
+61 25 110 9999
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The $22.5m investment in Canberra that will help to run the new AUKUS subs