Immuta, a leader in data security, has announced a new strategic investment from Databricks Ventures, the investment arm of data and AI company Databricks.
The investment builds upon a long-standing partnership between the two companies and positions Immuta as one of Databricks’ trusted partners of choice for data security and access control.
The funding will be used to drive product innovation and strengthen the integration between both platforms. Additionally, the investment aims to bolster new go-to-market initiatives and increase enterprise adoption.
Immuta focuses on providing secure access to cloud data, offering sensitive data discovery, security and access control, data activity monitoring, and deep integrations with leading cloud data platforms. The company is trusted by Fortune 500 companies and government agencies around the world for securing their data.
With the new funding, Immuta plans to enhance its integration with Databricks Unity Catalog to improve data security and unlock more value for their customers. The partnership between Immuta and Databricks has already seen success, serving global enterprise customers like ADP, Swedbank, and many others.
Databricks CEO and Co-founder Ali Ghodsi said, “Immuta is a trusted data security partner. Over the last six years, we’ve been successfully collaborating to serve global enterprise customers like ADP, Swedbank, and many others. By integrating directly with Databricks Unity Catalog, Immuta provides a seamless way for our joint customers to protect their data in the Databricks Lakehouse.”
Immuta CEO Matt Carroll added, “Through our joint partnership with Databricks, Immuta is now embedded in some of the largest and most complex cloud data projects across industries. With this new investment, we’re going to make our tight integration with Databricks Unity Catalog even better so that our customers can take data security to a new level and continue to unlock more value from their data.”
This investment follows a year of immense growth for Immuta, with a 200% increase in Annual Recurring Revenue (ARR) for its Data Security Platform SaaS offering as it expanded globally into EMEA and APAC. Previous funding has come from investors such as ServiceNow and NightDragon to support the growing demand for data security worldwide.
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