Cloud Data Security platforms

2023. Symmetry raises $18M to bolster organizations’ data security programs



Symmetry Systems, a company that delivers a platform enabling insight into the individuals with data access within a company and their usage patterns, has successfully secured $18 million in funding. The platform offered by Symmetry establishes essential transparency to guide the activities of developers and data teams, facilitating the identification of breaches and the automation of substantial segments of compliance reporting. Beyond just offering comprehensive insight into the data layer's security status, the platform empowers the administration of data access permissions to rectify deficiencies and pinpoint instances of unauthorized access. This capability allows human analysts and leadership to dedicate their attention to more urgent matters.


2023. Data security startup Cyera lands a $100M



With the increasing volume of data, organizations face greater challenges in managing and safeguarding it. To address this concern, Cyera, a platform focused on enhancing data visibility and security for companies, has successfully secured $100 million in Series B funding. Cyera belongs to a group of platforms known as data security posture management (DSPM) that aim to simplify and automate data detection and protection practices, particularly in cloud environments. Over the past few years, several DSPM startups have emerged, such as Laminar Security, Dig Security, Sentra, BigID, and Varonis.

2023. IBM acquires Polar Security for $60M to automate cloud data management



IBM has completed the acquisition of Polar Security, an Israeli startup that has developed a platform specializing in "data security posture management." Polar's technology offers an agentless approach to auditing and monitoring the flow of cloud data across cloud applications and within a company's network. As the adoption of cloud services continues to grow, the complexity of managing data has increased significantly. This includes the challenges of identifying and tracking data storage locations, monitoring data usage, managing access permissions, adapting to new services, and ensuring compliance with varying regulations across different countries. Polar is just one among several startups that are working on tools to tackle these challenges. Other notable companies in this space include Laminar, CrowdStrike, Check Point, Zscaler, and more.


2023. Sentra raises $30M to provide a security layer for data in the cloud



Sentra, a startup dedicated to addressing security challenges in the cloud, has successfully concluded a Series A funding round, securing $30 million. Sentra's software is designed to connect with an organization's cloud environments and identify sensitive data, including personally identifiable information and passwords. It analyzes the data's access and usage, providing insights into who has access to the data and how it is being utilized. By leveraging algorithms and contextual data such as access patterns and metadata, Sentra automatically detects instances of data duplication, changes, or movement across different regions or networks. If necessary, the software initiates remediation steps. Security teams are provided with data access graphs that illustrate which individuals have access to specific data and the precise manner in which access was granted.


2022. Securiti launches data security cloud with new funding $75M



Introducing Securiti, a startup that emerged in 2019 with a primary focus on data privacy. However, the company soon recognized the need to develop a comprehensive platform that addresses not only privacy but also data security, governance, and compliance. Today, Securiti has unveiled its all-encompassing data security cloud solution called DataControls Cloud, alongside the announcement of a successful $75 million Series C funding round. The fundamental concept behind the data security cloud is to establish a layer of data protection regardless of its location, be it within major cloud infrastructure providers like AWS, Microsoft, and Google, data infrastructure platforms such as Snowflake or Databricks, or even SaaS applications like Box or Salesforce.


2022. Eureka raises $8M for its data cloud security platform



Tel Aviv-based startup Eureka has recently secured an $8 million investment. Eureka specializes in providing enterprise-level security risk management tools for diverse data stores. The core concept behind Eureka is to empower businesses by offering comprehensive insights into their connected cloud data stores. By doing so, it assists in managing access policies, identifying configuration issues, and detecting policy violations. While organizations may have well-defined data protection strategies, implementing and enforcing these policies across various data stores, each with its unique settings and capabilities, can present significant challenges.


2020. Open Raven raises $15M for its security tech to secure hybrid clouds



Cloud security startup Open Raven has successfully raised $15 million in new financing. Open Raven's significance lies in the fact that the majority of databases will be accessed through cloud platforms in the next two years. As databases are distributed across various cloud service providers, securing and monitoring data access by different users becomes increasingly challenging. Existing data security tools are ill-equipped to handle this dynamic nature of data spread across multiple services. Open Raven refers to these instances as "data sprawl," which can result in misconfigurations and pose significant security threats.