Technology

Securiti raises $75M and launches new data management platform

[ad_1]

Startup Securiti Inc. today announced that it has closed a $75 million funding round led by Owl Rock Capital with participation from Mayfield and General Catalyst.

In conjunction with the Series C funding, Securiti debuted its newest product, the DataControls Cloud. According to the startup, the product makes it easier for enterprises to secure and manage their data. 

Companies often use separate software tools to secure their data and ensure that they process it in compliance with privacy regulations such as the European Union’s General Data Protection Regulation. According to Securiti, its new DataControls Cloud provides security and privacy features in a single platform. As a result, companies can replace the multiple software tools they would otherwise have to use with one product. 

Using a single product can be more convenient for administrators than relying on a collection of disparate tools. Additionally, it can ease tasks such as software procurement and maintenance . 

“Digital transformation to cloud provides a unique opportunity to rethink the old paradigm,” said Securiti Chief Executive Officer Rehan Jalil. “No longer does an organization need to buy disparate technology for each cloud and separately for data security, privacy, governance and compliance. With the DataControls Cloud, organizations get one data command center to get comprehensive visibility and control across their entire data landscape.”

To help companies protect their data against cyberattacks, Securiti has equipped the DataControls Cloud with a tool that automatically finds cybersecurity vulnerabilities. The tool can, for example, point out when important business records are stored in an unencrypted format. It also detects other types of issues, such as if a database can be accessed without a password.

A company can configure Securiti’s platform to automatically alert administrators when a new vulnerability is detected. Additionally, the platform can resolve certain types of vulnerabilities autonomously without manual input.

Alongside its cybersecurity capabilities, the DataControls Cloud offers a set of features that make it easier for companies to comply with privacy regulations. The features are designed to streamline tasks such as requesting users’ permission to install cookies on their devices. Moreover, companies can use the platform to evaluate their suppliers’ compliance with privacy regulations.

Besides security and regulatory compliance, Securiti also promises to ease a number of related tasks. 

The startup has equipped its platform with a tool that can track the changes that are made to a company’s business records over time. By tracking data changes, organizations can more easily detect if erroneous information is accidentally added to their systems. To simplify day-to-day tasks such as fixing erroneous business records, Securiti’s platform organizes a company’s data assets in a centralized catalog for easy access.

The company says organizations can use its platform to manage data assets across multiple public cloud platforms. It also provides support for private cloud environments, software-as-a-service applications and data clouds such as Snowflake.

Securiti detailed today that its software is used by hundreds of enterprises. Cisco Systems Inc., Dell Technologies Inc. and Capital One Financial Corp. are among the companies that rely on Securiti’s technology to manage their data. The startup is reportedly experiencing “triple-digit” quarter-over-quarter revenue growth.

Securiti currently has about 370 employees. The startup will use its new round to double its workforce over the next year. 

Image: Securiti

Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Join the community that includes Amazon Web Services and Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts.

[ad_2]
Source link

Related Articles