San Francisco-based Symmetry Systems closed a $15 cardinal Series A arsenic it looks to propulsion companies to determination beyond web and exertion information and into protecting its astir invaluable plus — its data.
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The circular was co-led by Prefix Capital and ForgePoint Capital with information from Accenture Ventures. Founded successful 2019, the cybersecurity institution has present raised $18 million.
While galore companies look astatine protecting their information arsenic it is utilized successful the web oregon successful exertion flow, Symmetry’s solution — DataGuard — helps companies support information earlier successful the process arsenic it sits successful databases oregon information lakes, said co-founder and CEO Mohit Tiwari. In addition, the level gives companies greater visibility into their information and compliance issues that unreality information tools cannot, helium added.
The institution decided to rise a Series A aft seeing important lawsuit involvement past twelvemonth — conducting much than 100 demos of its products per 4th — and officially entering the marketplace earlier this year.
“Starting successful the 4th fourth past year, our income pipeline was getting unmanageable,” Tiwari said. “We had each the indicators that we needed a Series A.”
Symmetry plans connected utilizing the caller backing to turn its astir 25-person team, proceed gathering retired the merchandise and refining its go-to marketplace strategy, Tiwari said. While companies usage Palo Alto Networks’ RedLock, Splunk and an array of AWS-native tools for information information and visibility, Tiwari said nary 1 successful the marketplace has a unified, implicit offering.
The institution is hoping to physique rapidly successful an emerging market, arsenic Tiwari said helium believes arsenic aboriginal arsenic the 2nd fractional of the twelvemonth different companies could propulsion into the sector. Possible caller entries into the abstraction could see those successful information governance — specified arsenic Immuta oregon Privacera — oregon information nonaccomplishment prevention (DLP) providers, similar Open Raven.
Byron Alsberg, co-founder and managing spouse astatine Prefix, said the company’s product-market acceptable made investing successful it a wide prime for his firm.
“This gives companies visibility into the information they have,” helium said. “And customers are being amazed by the information they didn’t cognize was there.”
Alsberg, who expects to person six companies from his portfolio spell nationalist this year, said helium could spot a akin result for Symmetry.
“I don’t put successful companies that I don’t deliberation tin spell public,” helium said. “I deliberation Symmetry tin beryllium a nationalist institution 1 day.”
Illustration: Dom Guzman