New Brunswick-Based Sonrai Security Raises $18.5 Million

By Dan Anderson ● Jan 21, 2019

Sonrai Security, a company based in Fredericton, New Brunswick founded by data security experts Brendan Hannigan and Sandy Bird, has raised $18.5 million in Series A funding to build on its Cloud Data Control platform. The Cloud Data Control platform delivers data and identity control across all cloud accounts and within any data store.

Hannigan used to be a general manager at IBM Security, which he helped set up and grow to become a $2 billion division at the company. Hannigan and Bird joined IBM after the 2011 acquisition of Q1 Labs. Bird served as IBM Security’s chief technology officer following the acquisition.

“Cloud adoption affords us a unique opportunity to reimagine how we secure corporate data, and to make a clean break from the limitations of device, data center and perimeter centric security,” said Hannigan in a statement. “By putting data and identity at the center of a security model that spans cloud providers and third-party data stores, Sonrai Security offers a level of control and security never possible in a traditional enterprise network.”

Polaris Partners and TenEleven Ventures led this round of funding. And New Brunswick Innovation Foundation (NBIF) also participated in this funding round. Polaris Partners managing partner Dave Barrett and TenEleven Ventures founder and managing general partner Alex Doll are joining the company’s board of directors in conjunction with this funding round.

Often times, enterprises have hundreds of cloud accounts running across Amazon, Microsoft, and Google. And within those accounts, there are multiple individual data stores, many of which their IT groups do not know exist or the data they contain and the extent to which access is allowed.

And with an increasing number of data breaches caused by issues like misconfigured data stores and malicious exploits of cloud platforms, it further provides that traditional network-centric security controls do not work for cloud environments. This is why Sonrai developed the Cloud Data Control platform.

Sonrai Security’s Cloud Data Control is considered a native cloud service that is able to tie together data and identity for comprehensive discovery, classification, mapping, and automation. And it can discover and track data and users across any cloud service like Amazon Web Services (AWS), Google Cloud Platform, Microsoft Azure, and third-party data sources.

 

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