Theom, a cloud data security firm, has closed a $16.4m seed funding round to widen its cloud data security solution.
The round was led by Ridge Ventures and saw participation from M12 and Microsoft’s Venture Fund.
Theom claims it is pioneering a new method of securing data in the cloud and SaaS data stores by ensuring that protection always follows the asset, adapting the security as environments change.
The company claims it brings a new approach to data security that identifies high-value assets, analyses and prioritises risks to the assets, and ensures security controls follow the data wherever it is moved, stored, copied or transacted.
Theom enables organisations to gain intelligence about the risks to high-value data and ensure existing security controls are properly armed to prevent data breaches by, amongst other things, providing security intelligence for data at rest and in motion, and prioritising cloud security risks based on potential for exposure of sensitive data.
By understanding both data and access identities, Theom pinpoints the biggest risks to high-value data and prioritszes remediation more effectively. Theom integrates with identity access management (IAM), infrastructure controls, security information and event management (SIEM), security orchestration, automation and response (SOAR), and ticketing systems to increase the return-on-investment of the overall security program.
Theom CEO and co-founder Navindra Yadav said, “Theom’s approach to cloud data security takes inspiration from how the Secret Service protects high-value assets– the president and VIPs.
“Theom ensures controls follow the data like a bodyguard – just like the Secret Service bodyguards do – by identifying high-value assets, assessing risks continuously, ensuring that protection always follows, and adapting the security as environments change.”
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
