Dig Security, an Israeli cloud data security startup, raised $34 million in a Series A round of investment led by San Francisco-based venture capital firm, SignalFire. The company has now raised $45 million to date.
Israel is at the center of cyber security and new technologies to protect people from hackers. And everything is going into the cloud these days. Soon everything you do will be done online. For example, Microsoft Office is already being offered as an online software as a service (SaaS). This is what is meant by cloud computing.
Whenever you use any programs, like Google Docs, that are not downloaded to your own computer but used online you are using the cloud. And more and more firms are switching over to cloud services for their backups, instead of storing information in their own offices.
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Dig was founded by CEO Dan Benjamin, Ido Azran and Gad Akuka, three veteran entrepreneurs who’ve previously founded successful companies that were acquired by major firms. They also gained experience at tech giants including Google and Microsoft. Since it was founded, Dig has grown extremely quickly; the company already has a large data security research team and paying customers.
Dig Security boasts that its service is unique because it combines the three most important sets of capabilities to secure data in the cloud; First, Data Security Posture Management (DSPM) that highlights data misconfigurations, access anomalies and data vulnerabilities. Second, DLP that prevents data exfiltration early in the kill chain. Third, a real-time data detection and response (DDR) engine that issues alerts as soon as a suspicious activity has occurred. ‘This unique combination,” says the company, “sets Dig as the only solution that addresses static risk of data at rest and in motion as well as real time dynamic risk changes. In today’s standards when the window of opportunity to stop an attacker is less than three minutes, this is a game changer.”
Dig Security gives organizations complete control over their cloud data, providing real-time Data Detection and Response (DDR). Using one of the industry’s most comprehensive threat models for cloud data attacks, Dig detects, analyzes and responds instantly to threats to cloud data, triggering alerts on suspicious or anomalous activity, stopping attacks, exfiltrations and employee data misuse.
“As we look to the future, our vision is to create a security platform suited to address the data protection needs of the modern enterprise – the agile innovators, born in the cloud, that move beyond the speed of business,” said Dig Security CEO Dan Benjamin. “When Gad, Ido, and I started the company, we saw too many organizations struggling to know what data they have stored in the cloud and how sensitive it is, who is using this sensitive data, and what they can do to protect it from insider and outsider threats. In the meantime, cloud data breaches continued to wreak havoc on enterprises with increasing volume and velocity.