Data security company Dasera today announced $6 million in seed funding to accelerate sales and product development. This takes the total capital raised to $9 million. The 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.
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Dasera: Data Lifecycle Security & Compliance (Graphic: Business Wire)
Dasera 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 coming out of stealth this year, Dasera’s solution, which features automated discovery, classification, and monitoring, has been in high demand. Dasera plans to use the new funding to expand its engineering and go-to-market teams as well as launch a SaaS offering.
“We believe that Dasera has an opportunity to shape the data security space in the coming years,” said Mark Fernandes, Managing Partner at Sierra Ventures, who has invested in successful security companies like Sourcefire and Redlock. “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.”
Dasera’s CEO, Ani Chaudhuri added, “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.”
To illustrate the complexities associated with protecting the cloud data lifecycle, Dasera has created a graphic entitled “Dasera: Data Lifecycle Security & Compliance” that depicts where security and compliance risks can be introduced during the data lifecycle.
Dasera is a leader in data security. Dasera enables safe use of sensitive data by securing the entire data lifecycle in cloud data stores. Dasera was co-founded by serial-entrepreneurs Ani Chaudhuri and Noah Johnson and is backed by Sierra Ventures, One Way Ventures, Saama Capital, Sand Hill Angels, and others.