Satori Cyber, an Israeli cybersecurity startup that specializes in data protection and governance, has raised $5.5 million in seed funding from venture capital firm YL Ventures. The company will use the funding to bolster its Cyber Secure Data Access Cloud solution.
We're watching to see if or when Satori launches a partner program for MSSPs (managed security services providers) and cybersecurity consulting firms.
Cyber Secure Data Access Cloud provides continuous visibility and granular control for data flows across cloud and hybrid data stores, according to Satori. The solution offers activity-based discovery and classification of data in real-time, along with data security via field-level access controls and anomaly detection.
Furthermore, Cyber Secure Data Access Cloud helps organizations comply with data security mandates, Satori indicated. It offers continuous monitoring and enforcement of data privacy policies and can be used in any cloud or hybrid environment.
Cyber Secure Data Access Cloud is currently available to qualified customers, with general availability expected in the third quarter of next year.
Is Cybersecurity Funding on the Rise?
In addition to Satori, several companies recently have secured funding for their cybersecurity offerings, including:
- Kasada: Raised $7 million in Series A funding last month for its Polyform malicious botnet traffic protection solution.
- CI Security: Secured Series B funding last month for its agentless managed detection and response (MDR) solution.
- Immersive Labs: Added $40 million in Series B funding last month for its cyber skills development gamification platform.
Worldwide security spending is projected to reach nearly $120 billion by 2021, according to industry analyst International Data Corp (IDC). As organizations search for ways to secure their data and systems against cyber threats, cybersecurity startups could add funding that allows them to enhance their offerings and deliver solutions to meet their organizations' needs.