Satori Cyber Raises $5.25 Million to Deliver Industry’s First Secure Data Access Cloud, Accelerating Data-Driven Innovation
TEL AVIV, Israel--(BUSINESS WIRE)--Dec 17, 2019--
Satori Cyber, the Israeli startup revolutionizing data protection and governance, today announced $5.25 million in seed funding led by YL Ventures. Founded by former Imperva senior executives Eldad Chai, CEO, and Yoav Cohen, CTO, Satori Cyber’s mission is to help organizations maximize their data-driven competitive advantage by removing barriers to broad data access and usage while ensuring security, privacy and compliance. The Satori Cyber Secure Data Access Cloud is the first solution on the market to offer continuous visibility and granular control for data flows across all cloud and hybrid data stores.
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Satori Cyber founders Yoav Cohen, CTO (l.) and Eldad Chai, CEO (r.) (Photo: Business Wire)
Data usage and analysis are key drivers of innovation and competitive advantage among today’s leading enterprises. According to a Harvard Business Review report, data-driven organizations are more likely to become market leaders and market disruptors due to their ability to make better-educated decisions. However, providing broad data access for advanced analytics of today’s skyrocketing data sets introduces significant security, privacy and compliance risks. This is because ever-growing data sets are often dispersed across multiple types of cloud stores, each governed by their own unique policies, making it difficult for security teams to track where data is stored and define user access in a universal manner.
“When you take into consideration the sheer volume of the data and access requests security teams contend with today, implementing proper data protection isn’t just difficult, it’s nearly impossible,” said Satori Cyber CEO and Co-founder Eldad Chai. “Until now, security teams have relied on a combination of highly segregated and restrictive data access and one-off technology-specific access controls within each data store, which has only slowed enterprises down. The Satori Cyber platform streamlines this process, accelerates data access and provides a holistic view across all organizational data flows, data stores and access, as well as granular access controls, to accelerate an organization’s data strategy without those constraints.”
“Data usage is exploding and effectively securing and ensuring data privacy and compliance is no longer optional. But how do you secure diverse data stores without limiting access and impeding innovation?” asked Rob Geurtsen, Deputy CISO of Nike. “Today, the only option is to sift through the entire aggregation of an organization’s business intelligence query tools and system integrations to understand what’s going on with its data. It’s an incredibly inefficient and error-prone process, but with the Satori Cyber platform, it will be instantaneous and accurate."
The Satori Cyber Secure Data Access Cloud provides:
- Continuous visibility and mapping for data flows and data stores
- Activity-based discovery and classification of data in real time
- Data security through granular, field-level data access controls and anomaly detection
- Compliance through continuous monitoring and enforcement of data privacy policies
- Seamless integration into any cloud or hybrid environment without impacting existing user and application access
“As soon as we saw Eldad and Yoav’s approach to cloud data protection and governance, we recognized its potential to solve a large, growing and vexing problem in the race to digital transformation,” said Ofer Schreiber, Partner at YL Ventures, who led the Satori Cyber funding round. “Satori helps enterprises be more data driven and innovate faster, while eliminating data security, privacy and compliance risks.”
The Satori Cyber Secure Data Access Cloud is currently in limited availability to qualified customers. General availability will begin in Q3 of 2020. For more information, visit satoricyber.com.
About Satori Cyber
Satori Cyber is revolutionizing data protection and governance. It’s Secure Data Access Cloud seamlessly integrates into any environment to deliver complete data-flow visibility utilizing activity-based discovery and classification. The platform provides context-aware and granular data access and privacy policies across all enterprise cloud or hybrid data stores. With Satori Cyber, organizations and their security teams can confidently ensure that data security, privacy and compliance are in place, enabling data-driven innovation and competitive advantage.
About YL Ventures
YL Ventures funds and supports brilliant Israeli tech entrepreneurs from seed to lead. Based in Silicon Valley and Tel Aviv, YL Ventures manages $260 million and specializes in cybersecurity. YL Ventures accelerates the evolution of portfolio companies via strategic advice and U.S.-based operational execution, leveraging a powerful network of Chief Information Security Officers and global industry leaders. The firm's track record includes successful, high-profile portfolio company acquisitions by major corporations including Palo Alto Networks, Microsoft, CA and Proofpoint. For more information, visit ylventures.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20191217005175/en/
CONTACT: Montner Tech PR
KEYWORD: ISRAEL MIDDLE EAST
INDUSTRY KEYWORD: PROFESSIONAL SERVICES SECURITY TECHNOLOGY OTHER TECHNOLOGY SOFTWARE VENTURE CAPITAL
SOURCE: Satori Cyber
Copyright Business Wire 2019.
PUB: 12/17/2019 09:00 AM/DISC: 12/17/2019 09:01 AM