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Vault Cloud receives $14 million in Australian government funds for information security

( December 20, 2024, 05:24 GMT | Official Statement) -- MLex Summary: Vault Cloud, an Australian-based hyperscale cloud-computing provider, is set to receive a government injection of A$22.5 million ($14 million) to boost the country’s defense capabilities by offering better security for classified information. In a statement, Minister for Industry Ed Husic said the investment, through the National Reconstruction Fund, will be used by Vault to deliver “additional security capabilities” while developing the company’s offerings, including artificial intelligence, deployed tactical cloud and the development of Vault’s “Secret” cloud. The Australian government funded the A$15 billion fund to diversify the country’s industry and economy....

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