Australia’s classified information will be safer and more secure with the National Reconstruction Fund Corporation announcing its first investment in the Defence Capability priority area.

Minister for Industry and Science Ed Husic today welcomed the $22.5 million investment in Vault Cloud (Vault), an Australian-based hyperscale cloud computing provider.   

Founded in 2012, Vault’s capabilities integrate multiple layers of advanced security measures to protect data classified by the government and defence sector.

The investment by the NRF will be used by Vault to deliver additional security capabilities and grow the depth of its offerings, including Artificial Intelligence, Deployed Tactical Cloud and the development of Vault’s SECRET Cloud. 

Vault has worked closely with the Australian Government for many years, and this investment will give greater sovereign control over this critical Australian-based advanced cloud computing technology.  

Since its first investment last month the NRF has provided more than $100 million in funding, with a pipeline of investments on the way.

For more information, visit www.nrf.gov.au. 

 Quotes attributable to the Hon. Ed Husic, Minister for Industry and Science

“This investment will build our capabilities in the cutting-edge tech needed to keep Australian data safe.  

“The National Reconstruction Fund is backing Aussie firms like Vault to scale Australia’s critical cloud computing service. 

“Through the NRF we’re making our defence industries stronger by backing Aussie know-how."

Quotes attributable to the Martijn Wilde AM, Chairman NRFC

“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. 

Quote attributable to Vault CEO Rupert Taylor-Price

“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."