Enrique Vaz

Resources.

How many databases, servers, whatever it is.

So we started CleanCloud back in 2017.

We started looking for security, performance, and cost reductions.

And what we saw over the first two years that our customers were looking for cost optimization opportunities, and there was a big gap and a big need in the market for compliance solutions.

So we pivoted in 2019, and later that year in December, we launched King Cloud Score, focusing, like I said, on the main compliance and

frameworks and benchmarks for AWS Azure and Google Cloud.

Yeah, we raised a small round with a VC here in Brazil called Vossa Nova when we first started.

Then we had a pre-seed with a friend and family and then a seed round led by two angel groups in Brazil, Angels of Brazil and GV Angels.

It was a small seed, like 250K US dollars.

On that round, there was like two valuations because at that time we had one co-founder that left the company.

So we had this primary and secondary valuation and the average, we don't discuss this number, but it was around $2 million.

Yeah.

Exactly.

A good thing is that we didn't break up or anything.

He had some personal issues that he lacked, left the company.

And he has some experience with startups.

So he knew that with the percentage he had, which was 20%, the company wouldn't be able to raise another round or a series A, whatever it is this.

So it was a good conversation.

Of course, it's a difficult conversation to have.