• The National Reconstruction Fund Corporation (NRFC) has announced a $22.5 million investment in Vault Cloud (Vault), an Australian-based hyperscale cloud computing provider.   
  • Vault provides secure, sovereign and hyperscale cloud infrastructure to the government, defence and critical infrastructure sectors. 
  • The NRFC’s investment will be used by Vault 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 is strengthening the nation’s data security through a $22.5 million investment in cloud computing infrastructure business, Vault Cloud (Vault). 

Founded in 2012, Vault’s Australian-based cloud computing capabilities integrate multiple layers of advanced security measures to protect data classified by the government and defence sector as PROTECTED, SECRET and TOP SECRET.  

Vault’s security infrastructure includes cutting-edge encryption technologies, robust access control mechanisms, sophisticated threat detection and rapid response protocols. 

The NRFC’s investment will be used by Vault to deliver additional security capabilities for its existing contracts as well as further grow the breadth and depth of its offerings, including Artificial Intelligence, Deployed Tactical Cloud and the accelerated development of Vault’s SECRET Cloud. 

NRFC Chair Martijn Wilder AM said, “Ensuring the security of classified information is an important consideration for Australian governments in today’s contested world. Vault’s services store classified government and defence data locally in Australia and protect it with state-of-the-art security technologies and protocols.” 

Vault was the first cloud services provider to obtain certification from the Australian Signals Directorate for classified workloads, which allows its services to be used to host government and defence data classified at highly classified levels. 

“As the first investment in the NRFC’s Defence Capability priority area, Vault is an excellent example of the ways in which the NRFC can invest to protect Australia’s national interests,” Mr Wilder AM said. 

Vault CEO Rupert Taylor-Price welcomed the partnership, emphasising its significance for Vault’s service offerings.  

“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” Mr Taylor-Price said. 

The NRFC’s investment is part of Vault’s Series B funding round, with additional capital to come from private Australian investors. 

NRFC Chief Investment Officer Dr Mary Manning said, “The NRFC is pleased to make this investment in an innovative Australian company offering critical cloud computing services to the Australian government and defence sectors. The NRFC’s $22.5 million investment will provide Vault with the capital it needs to expand its business and grow its core capabilities.” 

[ENDS]

Media contact: media@nrf.gov.au 

About the 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 can invest in seven priority areas including value-add in resources; transport; medical science; defence capability; renewables and low emission technologies; value-add in agriculture, forestry and fisheries; and enabling capabilities.  

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.  

For more information, visit nrf.gov.au  

About Vault Cloud  
Vault Cloud is the national leader of providing highly secure and scalable sovereign cloud capability to the Australian national security and safety critical sector.  

Australian owned and operated, Vault pioneered the development of Australia’s only sovereign, hyperscale cloud with security at its core, being one of the first cloud organisations to be Australian Signals Directorate certified, providing leading agencies and industry a path from OFFICIAL: Sensitive, PROTECTED to SECRET and TOP SECRET.   

For more information, visit vaultcloud.com.au(Opens in a new tab/window)