Flow Security, an Israeli cyber security startup, raised $10 million in seed funding led by Amiti, with participation from GFC, Amdocs Ventures, and industry leaders such as CyberArk CEO Udi Mokady and Demisto CEO and co-founder Slavik Markovich. The company says that it has launched the first data security platform that discovers and protects both data at rest and in motion.
Cyber security is more important than ever. Hackers are not only motivated by money or politics. They often just like being malicious. So even small companies need to be on their guard and be sure to properly protect their systems.
And this also explains why cyber security companies like Flow Security are continuing to bring in the big bucks, even at a time when their fellow Startup Nations firms are making cutbacks.
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Founded in 2020 by CEO Jonathan Roizin and CTO Rom Ashkenazi, Flow Security says that it helps organizations overcome challenges by continuously mapping and detecting all data-related risks for an improved data security posture. Flow boasts that it is the only data security platform that supports use cases including discovering and classifying data flows to external services, policy enforcement, automatic data-related threat modeling, and reducing data access permissions to the minimum. Flow has a growing customer base in highly-regulated markets such as e-commerce, fintech, healthcare, insurtech, and more.
Flow Security explains that enterprises of all sizes continue to make heavy investments in technology stacks as they transition to modern cloud application architectures. This new era promises many benefits, but has also led to significant data sprawl and major difficulties in securing data. With the widespread adoption of modern architectures, securing sensitive data such as PII, PHI, financial information, and intellectual property has become a near-impossible task.
“Data security is not a new problem, but the challenges are changing and growing,” said Jonathan Roizin, co-founder and CEO of Flow Security. “Organizations are moving at a record pace and quickly transitioning to the cloud and cloud-first applications. These transformations often make life easier, but they also make the jobs of security professionals even more difficult. With Flow, security teams are no longer forced to chase down information. It simplifies security and regulatory processes and bridges the gap between security and development teams.”