- Data security company Dasera recently announced that it has raised $6 million in a seed round of funding. These are the details.
Data security company Dasera recently announced that it has raised $6 million in a seed round of funding to accelerate sales and product development. Including this funding round, the company has raised a total of $9 million.
This funding round was led by Sierra Ventures with participation from Saama Capital, One Way Ventures, Sand Hill Angels, and prominent security professionals and angels including Mark Weatherford and Andy Chou.
Dasera essentially enables safe use of sensitive data by automatically securing the full lifecycle of cloud data stores. Initially developed at UC Berkeley, the platform enables compliance and security teams to find, flag and fix vulnerabilities for data misuse across the data lifecycle.
Since emerging out of stealth this year, Dasera’s solution — which features automated discovery, classification, and monitoring — has been in high demand. And Dasera plans to use the new funding to expand its engineering and go-to-market teams as well as launch a SaaS offering.
KEY QUOTES:
“We believe that Dasera has an opportunity to shape the data security space in the coming years. 37 billion records were breached in 2020, and 2 out of 3 data breach attempts succeed. The legacy access control and data loss prevention (DLP) tools are inadequate for cloud architectures and Dasera is well-positioned to capitalize on this critical market need.”
— Mark Fernandes, Managing Partner at Sierra Ventures
“Popular tools like access control and DLP are static bookends in the context of the data lifecycle. Today’s cloud data is constantly moving and being transformed. Hundreds of thousands of analysts, engineers and APIs have access to data, and they use it in unforeseen ways. This creates a lot of risk. Dasera’s solution is effective because it’s able to shadow the pace of today’s data. By monitoring data in use, we’re able to more accurately identify security and compliance risks, even while the data surface area is constantly changing.”
— Dasera’s CEO Ani Chaudhuri
