- Theom announced it has closed an oversubscribed $16.4 million seed funding round. These are the details.
Theom announced it has closed an oversubscribed $16.4 million seed funding round.
Funding amount: $16.4 million
Funding round: Oversubscribed seed
Investors: Ridge Ventures led the round along with M12, Microsoft’s Venture Fund.
What is Theom: Theom 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.
Theom enables organizations to gain intelligence about the risks to high-value data and ensure existing security controls are properly armed to prevent data breaches by:
1.) Providing security intelligence for data at rest and in motion – Theom allows customers to gain an inventory of all data inside cloud and SaaS stores, APIs, and message queues. It identifies high-value data including personal identifiable information (PII), protected health information (PHI), trade secrets, financial information, and custom data entities.
2.) Prioritizing cloud security risks based on the potential for exposure of sensitive data – Theom automatically understands the content and criticality of data assets, including the financial value of data. It prioritizes risks to data based on the impact on the business, including risks arising from over-provisioned and atypical accesses. Theom enables enterprises to enforce the least privilege access to data inside cloud stores.
3.) Preventing data breaches with controls that follow the data – And with Theom, data security, assurance, and compliance controls follow the data. Risks are quickly mitigated with guided remediations. Theom monitors the data with guardrails that are kept up to date with industry best practices and threat intelligence on recent breaches and cloud ransomware.
“It’s very clear that we are seeing an exponential increase in data being moved to the cloud. Securing this data has become a top priority and many organizations have very little idea of where their sensitive data is being stored in their cloud environments. They don’t have a clear picture of what the risks are to that data and which to prioritize. The Theom solution solves these challenges today.”
— Yousuf Khan, partner, Ridge Ventures
“For industries like financial services, healthcare, and other sectors, Theom is a transformational data security solution companies are looking for. Theom solves a fundamental challenge to data protection in the cloud. Theom’s compute runs inside the customer’s cloud, enabling customers to bring security to their data wherever it may be, and works with existing security controls to deliver the strongest protection against breaches – all accomplished with no data leaving the customer’s jurisdiction.”
— Mony Hassid, managing director, M12
“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.”
— Navindra Yadav, CEO and co-founder, Theom