Data security platform Dasera has secured $12m in its Series A funding round, which was led by Storm Ventures.
Other commitments came from Correlation Ventures, Mighty Capital, Tau Ventures, Intuitive Cloud. Existing Dasera backers Sierra Ventures and Saama Capital.
This fresh equity will help Dasera bolster its product development, expand its market presence and deepen its customer support.
Dasera is a data security platform that focuses on automated data security and governance solutions for finance, healthcare and technology enterprises.
It claims its platform fosters a culture of trust, collaboration and innovation and creates data-driven environments. Its
Through Dasera companies can harness their data securely, providing automated data security and governance controls for on-prem and cloud environments. Its platform offers contextualised visibility and understanding of four data variables: data infrastructure, data and its attributes, data users, and data usage.
Dasera CEO and co-founder Ani Chaudhuri said, “Our vision is to create a safer, data-driven world.
“What is uncontested is that the world is intent on being driven. The opportunity and the obligation are to be safer and data-driven. The status quo is more the data usage, more the risk. Dasera changes that. We bend the data-risk curve for companies by protecting the entire data lifecycle.”
With the close of the round, the CyberTech company has raised a total of $20m in funding.
Storm Ventures partner Arun Penmetsa said, “Dasera is redefining how businesses manage and protect their data across the entire lifecycle, both on-prem and in the cloud. Their unique differentiators, including correlated and contextualised visibility and cross-cloud support, make them an essential player in the data security landscape.
“By breaking down silos between security, data, and compliance teams, organisations can leverage their data’s full potential securely and efficiently. We are thrilled to participate in their Series A round and support their mission to create a safer, data-driven world.”
In other CyberTech news, Avalor raised $30m in its seed and Series A funding round.
Keep up with all the latest RegTech news here.
Copyright © 2023 RegTech Analyst
Copyright © 2018 RegTech Analyst
