Data-first cloud security platform Normalyze has picked up $22.2m in its Series A round, which was co-led by Lightspeed Venture Partners and Battery Ventures.
Normalyze is an agentless platform that helps organisations better manage sensitive data and attack paths to it. Its graph-powered platform supplies security teams with the ability to continuously analyse, prioritise and respond to cloud data threats and prevent sensitive data loss.
A recent report from IDC found that 98% of organisations reported at least one cloud breach in the past 18 months. Normalyze claims data security in modern businesses has become overly complex due to proliferation of data, an explosion of microservices, rapid cloud adoption, hybrid work environments, compliance and more. This has made data stores become increasingly intricate.
Normalyze’s secret sauce is the ability to gather all security stakeholders into a single user interface to discover data, classify it and prioritise discovery of attack paths that lead to sensitive information.
Its discovery and analysis tools provide intelligent graphs with deep context and trust relationships with all data stores, applications, identities and infrastructure resources. It automatically maps to specific compliance profiles, such as PCI, HIPAA and GDPR.
Normalyze co-founder and CEO Amer Deeba said, “Today’s enterprises find their data scattered throughout their various cloud environments with limited visibility of where sensitive data resides. It’s a massive problem that current cloud security offerings aren’t equipped to handle it.
“We built Normalyze to help companies of all sizes discover, classify and secure sensitive data across all public clouds. With simple onboarding and minimum ramp up time, our platform provides full visibility on data security posture to better gauge risk and proactively respond to sensitive data threats.”
With the close of the round Normalyze has raised a total of $26.6m in funding.
Lightspeed Venture Partners and Battery Ventures also recently joined the $50m Series B funding round of RegTech solution Theta Lake. The communications security and compliance solution helps organisations manage regulations around video, voice, chat and document platforms.
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