- Satori Cyber, an Israeli startup revolutionizing data protection and governance, announced it raised $5.25 million in a seed round of funding
Satori Cyber — an Israeli startup revolutionizing data protection and governance — announced it has raised $5.25 million in a seed round of funding led by YL Ventures. Launched by former Imperva senior executives Eldad Chai (CEO) and Yoav Cohen (CTO), Satori Cyber is on a mission to help organizations maximize their data-driven competitive advantage by removing barriers to broad data access and usage while ensuring security, privacy, and compliance.
The Satori Cyber Secure Data Access Cloud is considered the first solution on the market to offer continuous visibility and granular control for data flows across all cloud and hybrid data stores. And data usage and analysis are key drivers of innovation and competitive advantage among today’s leading enterprises.
“When you take into consideration the sheer volume of the data and access requests security teams contend with today, implementing proper data protection isn’t just difficult, it’s nearly impossible,” said Satori Cyber CEO and co-founder Eldad Chai. “Until now, security teams have relied on a combination of highly segregated and restrictive data access and one-off technology-specific access controls within each data store, which has only slowed enterprises down. The Satori Cyber platform streamlines this process, accelerates data access and provides a holistic view across all organizational data flows, data stores and access, as well as granular access controls, to accelerate an organization’s data strategy without those constraints.”
A Harvard Business Review report pointed out that data-driven organizations are more likely to become market leaders and market disruptors due to their ability to make better-educated decisions. But providing broad data access for advanced analytics of today’s skyrocketing data sets introduces significant security, privacy, and compliance risks due to ever-growing data sets often being dispersed across multiple types of cloud stores, each governed by unique policies.
“Data usage is exploding and effectively securing and ensuring data privacy and compliance is no longer optional. But how do you secure diverse data stores without limiting access and impeding innovation?” asked Nike Deputy Information Security Officer Rob Geurtsen. “Today, the only option is to sift through the entire aggregation of an organization’s business intelligence query tools and system integrations to understand what’s going on with its data. It’s an incredibly inefficient and error-prone process, but with the Satori Cyber platform, it will be instantaneous and accurate.”
The Satori Cyber Secure Data Access Cloud provides continuous visibility and mapping for data flows and data stores, activity-based discovery and classification of data in real time, data security through granular, field-level data access controls and anomaly detection, compliance through continuous monitoring and enforcement of data privacy policies, and seamless integration into any cloud or hybrid environment without impacting existing user and application access.
“As soon as we saw Eldad and Yoav’s approach to cloud data protection and governance, we recognized its potential to solve a large, growing and vexing problem in the race to digital transformation,” explained Ofer Schreiber, Partner at YL Ventures — who led the Satori Cyber funding round. “Satori helps enterprises be more data driven and innovate faster, while eliminating data security, privacy and compliance risks.”
The Satori Cyber Secure Data Access Cloud is in limited availability to qualified customers. And general availability will start in Q3 of 2020.
