National Reconstruction Fund slings $22.5 million at data security startup Vault Cloud

The National Reconstruction Fund Corporation (NRFC) has gone into Christmas shopping mode, investing nearly $50 million in two days in two tech companies, today announcing $22.5 million for 12-year-old sovereign cloud data security company Vault Cloud.

The equity investment comes just 24 hours after leading a $50 million raise for Adelaide IoT and satellite maker Myriota with a $25m cheque.

Vault Cloud is the $15 billion fund’s fourth investment in a month and part of an ongoing Series B raise for the Canberra-based data security venture, which also has offices in Sydney.

Vault lays claim to being the national leader of in national leader in highly secure and scalable sovereign cloud capability to the Australian national security and safety critical sector.  It pioneered the development of Australia’s only sovereign, hyperscale cloud with security at its core, and was one of the first cloud organisations to be Australian Signals Directorate certified to support classified security levels for data in the government, defence and critical infrastructure sectors.

Founder and CEO Rupert Taylor-Price was previously CEO at JN Solutions, where he developed a world-leading SaaS information management platform for the Australian government, before going on to launch Vault Cloud in 2012.

Taylor-Price said the government investment will be used to expand the company’s existing offerings, such as “SECRET Cloud”, as well as develop and deploy new services, including 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,” he said.

“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.”