$26M Raised by Cyral-“A Data governance and security startup”

$26M Raised by Cyral-“A Data governance and security startup”

Data security and governance startup Cyral today announced it has raised $26 million, bringing its total to date to $41.1 million. The company plans to put the funds toward expanding its platform and global workforce.

 

Managing and securing data remains a challenge for enterprises. Just 29% of IT executives give their employees an “A” grade for following procedures to keep files and documents secure, according to Egnyte’s most recent survey. A separate report from KPMG found only 35% of C-suite leaders highly trust their organization’s use of data and analytics, with 92% saying they were concerned about the reputational risk of machine-assisted decisions.

Redwood City, California-based Cyral, which was founded in 2018 by Manav Mital and Srini Vadlamani, uses stateless interception technology to deliver enterprise data governance across platforms, including Amazon S3, Snowflake, Kafka, MongoDB, and Oracle. Cyral monitors activity across popular databases, pipelines, and data warehouses — whether on-premises, hosted, or software-as-service-based. And it traces data flows and requests, sending output logs, traces, and metrics to third-party infrastructure and management dashboards.

Cyral can prevent unauthorized access from users, apps, and tools and provide dynamic attribute-based access control, as well as ephemeral access with “just-enough” privileges. The platform supports both alerting and blocking of disallowed accesses and continuously monitors privileges across clouds, tracking and enforcing just-in-time and just-enough privileges for all users and apps.

Identifying roles and anomalies
Beyond this, Cyral can identify users behind shared roles and service accounts to tag all activity with the actual user identity, enabling policies to be specified against them. And it can perform baselining and anomaly detection, analyzing aggregated activity across data endpoints and generating policies for normal activity, which can be set to alert or block anomalous access.

“Cyral is built on a high-performance stateless interception technology that monitors all data endpoint activity in real time and enables unified visibility, identity federation, and granular access controls. automates workflows and enables collaboration between DevOps and Security teams to automate assurance and prevent data leakage,” the spokesperson said.

Existing investors, including Redpoint, Costanoa Ventures, A.Capital, and strategic investor Silicon Valley CISO Investments, participated in Cyral’s latest funding round. Since launching in Q2 2020, Cyral — which has 40 employees and occupies a market estimated to be worth $5.7 billion by 2025, according to Markets and Markets — says it has nearly doubled the size of its team and close to quadrupled its valuation.

“This is an emerging market with no entrenched solutions … We’re now working with customers across a variety of industries — finance, health care, insurance, supply chain, technology, and more. They include some of the world’s largest organizations with complex environments and some of the fastest-growing tech companies,” the spokesperson said. “With Cyral, our company was built during the pandemic. We have grown the majority of our company during this time, and it has allowed us to start our company with a remote-first business model.”

The News Highlights

  • $26M Raised by Cyral-“A Data governance and security startup”
  • Check the latest update on Security news
  • .

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Should the drop in the volume of encryption transactions worry Indian investors?

Should the drop in the volume of encryption transactions worry Indian investors?

India’s biggest cryptocurrency exchange, WazirX, saw a trading volume of $114 million on Thursday. It had hit daily trading volume of $392 million on 17 April ...
What are the fast-growing areas in finance in 2021?

What are the fast-growing areas in finance in 2021?

Secured lending But people certainly benefit from working from home and the ability to check their phones or additional monitors without their managers or ...
HSG and Mon Health System to Present a Continuing Education Webinar for the American College of Healthcare Executives on June 15 |

HSG and Mon Health System to Present a Continuing Education Webinar for the American College of Healthcare Executives on June 15 |

Media Contact: Karolyn Raphael, karolyn@wingermarketing.com HSG builds high-performing physician networks so health systems can address complex changes with ...
Taiwan regulatory database contains ‘Beats Studio Buds’

Already leaked Beats Studio Buds wireless earbuds adds up by new leaks

The earbuds first made an appearance in the iOS 14.6 beta. That was followed by a public appearance in the hands — or should we say ears — of NBA superstar ...
Indiana Health Authorities Closing State Virus Test sites

Indiana Health Authorities Closing State Virus Test sites

Close Modal Get WGN’s latest coronavirus news headlines Suggest a Correction The 14-month partnership with OptumServe, a division of insurance ...
Deals: Xbox E3 2021 Sale Includes All 10+ Classic Xbox Games

Deals: Xbox E3 2021 Sale Includes All 10+ Classic Xbox Games

Below, we’ve included all 11 (there aren’t many!) Xbox 360 and original Xbox games available in the Xbox E3 2021 sale, and fortunately all of them are ...
How about 'Monkey Business' in Clinton?

Trial, error and what I learned about money in my 20s

“Personal finance is a lot more emotional than it is a math equation,” Rodriguez says. “Even though the numbers have to add up, you’ll never take action unless ...
Faceoff bewteen Apple MacBook Pro & Microsoft Surface Laptop 4

Apple’s Missing MacBook Pro, Adobe’s ARM Adventure, and iPhone’s Powerful Update

Apple Loop is here to remind you of a few of the very many discussions that have happened around Apple over the last seven days (and you can read my weekly ...
Take Your Audio in the Game To The Next Level With xFRYO Headphones

Take Your Audio in the Game To The Next Level With xFRYO Headphones

There are great options out there, like the xFryo Active Noise-Canceling AI-Powered Wireless Earbuds, which are powerful, compact, and right now, highly ...
Every Confirmed E3 Game is Currently Available for Preorder at E3 2021

Every Confirmed E3 Game is Currently Available for Preorder at E3 2021

Since E3 officially starts on Saturday, there aren’t many games listed at the moment. We’ll update this article as new games from Ubisoft, Xbox, Square-Enix, ...
Show next
Compsmag - Latest News from tech, business and health
Logo