Our cloud cost management platform isn’t just about dashboards for FinOps or cost savings (though delivering clear visibility and reducing cloud waste are things we do exceptionally well). It’s about giving enterprises and MSPs the peace of mind that their data is protected, governed, and secure.
That’s why we’re proud to share that Umbrella has officially achieved SOC 1 Type II and SOC 2 Type II compliance just weeks into our launch.
It’s the first of many steps we’re taking to build a cloud cost platform that enterprise teams can trust not just today but long term.
Here’s what you need to know about this new compliance and why enterprises and MSPs should be excited about it.
Why We Did This
As enterprises and MSPs FinOps departments increasingly rely on third-party platforms to manage their cloud costs and financial operations, trust and transparency are non-negotiable.
Our customers operate in regulated environments and manage critical financial and operational data in the cloud. It was important to show they’ve been tested, verified, and consistently effective in practice to support their internal audits, procurement requirements, and compliance processes.
That’s why we pursued SOC 1 Type II and SOC 2 Type II compliance just weeks after launching.
Here’s what that means:
- SOC 1 Type II confirms that Umbrella’s internal controls over financial reporting (ICFR) are effective, giving our customers and auditors confidence that their cloud cost data is accurate, complete, and well-managed.
- SOC 2 Type II verifies that our platform meets rigorous security, availability, and confidentiality standards over time, which results in customer data being protected and securely handled.
These certifications weren’t just about passing a test. We wanted to represent independent verification of our internal controls so our enterprise customers and their compliance teams can have a smoother onboarding during procurement and vendor risk assessments and a stronger foundation for secure, reliable cloud cost management.
Who Conducted the Evaluation?
We partnered with Ernst & Young (EY), a global leader in audit and assurance, to closely examine how Umbrella operates. Their team reviewed our internal processes, from how we secure customer data to how our systems support accurate financial reporting.
They didn’t just look at the documentation. They observed how our controls work over time. That makes Type II audits different. They assess whether your practices hold up day after day, not just during a one-time review.
At the end of the process, EY confirmed that we’ve been building toward a cloud cost platform that meets the highest trust, transparency, and operational excellence standards.
“Achieving both SOC 1 and SOC 2 compliance is a significant milestone for Umbrella. It underscores our commitment to providing our clients with the highest standards of security, availability, and financial integrity.”
Elisha Ben Zvi, VP R&D and Co-founder of Umbrella
SOC 1 & SOC 2 Compliance Adds to Our Momentum
These latest compliance milestones are not standalone achievements. They reflect a pattern of continued growth and credibility.
In the past year, Umbrella was named a Visionary in the 2024 Gartner® Magic Quadrant™ for Cloud Financial Management Tools, and a Leader in the MSP Use Case in Gartner’s Critical Capabilities report. These recognitions highlight our focus on building secure, scalable cloud cost solutions for the real-world needs of enterprises and service providers.
SOC 1 and SOC 2 Type II compliance further reinforce that commitment, offering our customers added confidence in our technology and operations.
Our Compliance Certification Secures Your Data
SOC 1 and SOC 2 Type II compliance mark an important milestone. In the eyes of an independent third party, we’ve built our cloud cost platform to meet rigorous standards for keeping cost data accurate, consistent, and secure.
Umbrella is a cloud cost management platform built to offer FinOps departments more than just insights; We’re here to deliver action, clarity, and control across every corner of cloud cost management. Whether you’re an enterprise navigating complex multi-cloud environments or an MSP managing costs across multiple client accounts, we’re with you. We will continue to put our platform to the test to ensure it remains the most reliable cloud financial management solution available.
“In a space where only a few cloud financial management platforms meet these standards, our compliance reinforces our dedication to operating at the highest level of accountability. This recognition continues the path Umbrella started, investing dedicated resources to develop a best-in-class product and system with our customers’ data security as our top priority.”
David Drai, CEO and Co-founder of Umbrella
Read the full press release to learn more about Umbrella’s latest compliance achievement.
