Privacera, an innovative cloud security company, recently announced the closing of a $50M Series C financing round from existing investors that would help companies better manage compliance and security risk across clouds.
Founded in 2017, Privacera is a data security platform that applies advanced technologies such as machine learning, artificial intelligence, and policy automation to simplify customer data security and compliance management.
This article will discuss Privacera’s innovative approach to cloud security, its recent success, and the potential implications for customers.
Privacera’s mission
Privacera’s mission is to build the world’s leading enterprise platform for cloud data security, governance and compliance. The company enables organizations to easily secure their sensitive data in the cloud, enabling businesses to focus on innovation while reducing time and effort required to comply with security regulations. Privacera’s advanced cloud platform provides rich insights into sensitive data across multiple clouds including Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform and IBM Cloud, and on-premise infrastructures. This comprehensive solution helps organizations reduce risk, save money and securely comply with diverse regulations quickly and easily.
Recently, Privacera announced a $50 million Series C financing round led by Tiger Global Management with participation from funds managed by BlackRock Financial Management Inc., Lightspeed Venture Partners, NewView Capital and Zayn Ventures. This latest funding round brings Privacera’s total capital raised to over $100M since being founded in 2016. With this new round of financing secured, Privacera is well positioned to continue delivering its innovative platform for cloud security to help companies manage compliance and risk across clouds securely.
Privacera’s innovative approach to cloud security
Privacera Inc., a leading cloud security and compliance solutions provider, has raised $50 million in a Series C round led by Microsoft’s corporate venture arm M12 and Tiger Global Management. The funds will be used to further invest in product development, expand sales force and marketing, build data infrastructure, and expand the company’s global footprint.
Privacera offers an innovative approach to cloud security that helps organizations secure their mission-critical data across clouds from multiple vendors including AWS, Microsoft Azure, Google Cloud Platform (GCP), Snowflake and other cloud-based environments. Privacera’s technology enables customers to better understand their data assets to secure them more efficiently while complying with industry regulations such as the General Data Protection Regulation (GDPR) and other privacy laws. The company’s solutions also help companies ensure their core data assets are secure from malicious actors inside and outside the organization.
Moreover, Privacera simplifies the process for organizations of all sizes in managing compliance & security risk when migrating applications or workloads to public clouds with its AI-driven platform that automatically identifies sensitive data across all user accounts within public clouds.
The company also provides an integrated view across user accounts on different clouds so customers can easily monitor activity in each account—no matter who owns it or where it is located—and deploy automated policies to control access based on identity-based permission rules as well as granular policies down to individual file/folder specifiers. With these capabilities, Privacera helps organizations maximize their return on cloud investments while protecting themselves against costly fines due to non-compliance issues.
Privacera raises $50M to help companies manage compliance and security risk across clouds
Privacera, a security and compliance software provider, recently raised $50M in Series B funding to help companies manage compliance and security risk across multiple clouds. This is a significant milestone for the company, which has developed an innovative cloud security and compliance management approach.
Privacera, the cloud-native data privacy and security platform that helps companies manage compliance and security risk across clouds, announced on Tuesday its $50M Series B funding round. The new round was co-led by Mithril Capital Management and Insight Partners. Intel Capital also participated in this round with existing investors Lightspeed Venture Partners, SignalFire, Wing Venture Capital, and Vital Venture Capital.
The latest funding comes after Privacera raised $28 million in its Series A round in October 2019 which valued the company at over $100 million.
Privacera CEO Uday Veeramachaneni noted that the company’s latest investment will help organizations accelerate their cloud journey while protecting their data privacy and ensuring regulatory compliance across multiple clouds. It will also facilitate customer education and help advance Privacera’s continued product innovation to meet customer needs with multi-cloud support to make cloud security easier for customers.
Investors in Privacera’s funding round
In Privacera’s recently announced funding round, $50 million was raised from venture capital firms, including early investors Lightspeed Venture Partners and Menlo Ventures, which both participated in Privacera’s seed and series A rounds. Other new investors included Sapphire Ventures, Eight Roads (Fidelity International’s investment arm), Miramar Medicare Systems and Simon Lee’s new fund Manaia Global Investments.
Privacera offers industry-leading cloud security solutions for mission-critical data stored in the cloud. The company helps customers secure their data in public clouds like AWS, Azure, Google Cloud Platform and other Software-as-a-Service applications. In addition, the platform is designed to address the challenge of distributed patch management across these environments while fulfilling data privacy regulations like GDPR.
Privacera will use this round of funding to continue its innovative product development and expand partnerships with cloud vendors and SI partners to build out a larger base of customers worldwide.
How the funding will be used
Privacera’s recent funding focuses on developing its cloud security solutions, which are designed to help customers better protect their data, meet regulatory compliance and mitigate risk. In addition, the company plans to use the capital infusion to expand its global footprint, hire additional engineering and product teams, enhance its Machine Learning (ML) capabilities and strengthen its customer success operation.
This new investment round is a testament to investors’ endorsement of Productera’s innovative approach in helping organizations ensure data privacy and comprehensive security across large cloud environments. With this financing round, Privacera can accelerate development efforts on expanding capabilities so customers have increased visibility into their cloud infrastructure while they remain secure with automated enforcement controls.
The funds will also be used to bring onboard additional technical expertise in Machine Learning (ML) as part of the continued development of actively understanding and rapidly adapting policies as per customer ecosystem dynamics in an effort toward predictive analytics for next-generation cyber defense systems. Privacera will also focus on continuing investments in customer success operations emphasizing building strong ongoing customer relationships. The team at Privacera looks forward to continuing its mission with a stronger service suite for customers on a global scale.
Privacera’s Platform
Privacera is a software company that provides cloud security solutions that help companies manage compliance and security risks across multiple clouds. Recently, the company announced that it has raised $50 million in funding, a testament to the reliability and effectiveness of their platform.
This article will discuss Privacera’s innovative approach to cloud security and its cutting-edge platform.
Privacera’s cloud security platform
Privacera is an enterprise security platform that helps organizations meet critical compliance and security requirements across cloud deployments. It provides a comprehensive platform solution that enables organizations to easily and quickly secure sensitive data, accept risk, and protect against potential threats while controlling access to enable secure operations in the cloud.
Through its innovative approach, Privacera reduces the time and costs associated with ensuring compliance standards, simplifies management of cloud infrastructures, enables efficient data protection within infrastructure-as-a-service (IaaS) environments, secures access over multiple users and cloud services and ensures auditable user governance. Additionally, the company’s technology is flexible enough to be adapted to meet any organization’s unique needs or regulatory requirements as they evolve.
Privacera also allows admins easy visibility into their environment by providing visibility into every application instance running across multiple cloud providers—allowing for a more proactive approach to policy enforcement. In addition, an integrated analytics engine equipped with intelligent algorithms provides valuable insights about user actions enabling enforcement of more accurate & consistent policies across multiple clouds. Furthermore, leveraging machine learning provides further customization & flexibility in managing policy rate limiters according to any custom rules created by administrators. All of which is accessible through a unified dashboard for ease of navigation & management.
By raising $50M in funding for cloud security innovations such as privileged account management, incident response automation capabilities decision-making analytics to optimize organizational alignment at scale Privacera has become a leading enterprise workload provider in cloud data governance operations
Key features of the platform
Privacera’s modern cloud security platform provides an innovative and comprehensive approach to managing compliance and security risk across multiple clouds. The platform combines data-centric security with enterprise-grade analytics and automation capabilities, allowing companies greater visibility, control and protection of their cloud environments.
Key features of the platform include:
Data Security & Governance: Provides policies, alerting, and auditing that allow organizations to confidently meet the most comprehensive security requirements for structured and unstructured data.
Advanced Analytics & Automation: Leverages machine learning algorithms to detect anomalous activities in real-time, block malicious actors, and provide timely recommendations for addressing potential risks.
Cloud Explorer & Reporting: Provides visibility into existing cloud policies and generates reports on detailed in-depth analysis of your organization’s compliance footprint across multiple clouds.
Integrations: Integrates with popular PaaS/IaaS/SaaS offerings such as AWS, Azure, GCP etc., making it easier to access a comprehensive set of security solutions within one unified interface.
Benefits of the platform
Privacera’s platform, a cloud-native data security and compliance solution, helps companies keep their data secure and compliant with industry standards. The platform offers advanced capabilities to securely govern and protect data across complex environments, including public, private, multi-cloud, and hybrid clouds. With this unique approach to cloud security, customers can now reduce risk while maintaining control over the customer’s most sensitive data without sacrificing visibility or performance.
The platform provides a range of benefits that are essential for managing risk across a multi-cloud environment. The capabilities include: centralized policy management that automatically applies company standards and procedures to all users regardless of the environment in which they work; comprehensive monitoring of cloud and API access logs; granular user access control based on roles and attributes; automated real-time alerting on suspicious activities; enforceable encryption; management of external users with secure onboarding flow and access vaults to extend the security perimeter outside the organization’s walls; and more.
These benefits provide greater protection of customer’s sensitive information, even in dynamic environments where new services are deployed frequently and applications are often moved or migrated between clouds. Additionally, by leveraging Privacera’s platform customers can retain control over their data while meeting regulatory compliance requirements for multiple jurisdictions worldwide.
Compliance and Security Risk Management
Privacera, a leading provider of data compliance and security risk management solutions for multi-cloud and hybrid environments, recently raised $50 million in Series B funding to help companies better manage compliance and security risk across clouds.
With the help of Privacera’s innovative cloud security approach, companies can now take more proactive security measures to protect data and mitigate risk.
This article will examine how Privacera’s technology helps organizations manage compliance and security risk.
Regulatory compliance and security risk management
Regulatory compliance and security risk management are key components of any cloud security platform. Through its innovative approach, Privacera has developed a platform to help companies manage these risks across multiple cloud environments. Privacera’s platform provides an integrated approach to implementing compliance, governance, and security capabilities that span on-premises infrastructure and clouds such as Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform (GCP).
The company recently raised $50 million in Series C funding to help fuel its growth, as businesses worldwide struggle to comply with ever-changing regulations while protecting their data. The new funding will expand Privacera’s product portfolio, deliver additional services and support business plans for partnering with leading managed service providers (MSPs).
Privacera’s proprietary data security engine simplifies compliance by rapidly automating identifying cloud resources that must be classified based on their service level agreement. In addition, the engine helps customers gain visibility into their risk posture through an innovative impact analysis framework that scores the implications of non-compliance actions for each resource. This helps customers quickly identify potential compliance issues that might go unnoticed or be missed due to lack of expertise or resources.
Privacera’s governance tools also provide powerful automated enforcement capabilities so businesses know precisely what needs to change when a policy is revised or when a new regulation is introduced. This helps reduce time-to-remediation while ensuring compliance is always up-to-date and in sync with changes in the external environment.
Privacera’s approach to compliance and security risk management
Privacera enables companies to manage compliance and security risk in the ever-changing cloud landscape. This is done by leveraging the company’s innovative advanced data security and governance (ADSG) platform. Privacera’s approach allows companies to gain visibility into data assets across clouds, manage permissions, implement risk-based policies and enforce security measures such as encryption. Following a “zero trust” model, Privacera’s tools provide insights into threats, prioritize resources, automate compliance management tasks and aid in audit preparations.
Privacera provides comprehensive tools for managing cloud data with its ADSG platform, allowing organizations to deploy multiple strategies across their cloud portfolio while securing application infrastructure and user access provisioning. The platform includes a separation of duties policy definition language that helps administrators easily specify organizational roles and understand various access security requirements. Additionally, its AI-driven threat detection capabilities and granular policy controls protect enterprise environments from malicious activities by proactively monitoring user operations.
The platform further features an AI-driven intelligent recommendations engine which helps admins keep pace with regulatory changes regarding exceptions in permissions requests or analytics operations that may be made without their knowledge. Privacera also recently announced $50M in investment led by venture capital firm Sequoia Capital India – providing expanded options for customers and significant development resources to enhance its existing offering.
Benefits of Privacera’s approach
Privacera enables customers to meet various cloud security and compliance requirements across multiple clouds such as AWS, Azure, Google Cloud Platform (GCP) and Kubernetes. Privacera enables organizations to securely and quickly deploy resources across different cloud environments while ensuring necessary safeguards are in place. In addition, its approach helps ensure data governance, access control, identity management and compliance requirements are met when deploying applications on the cloud.
Privacera’s innovative approach to cloud security provides several benefits including:
- Automated risk assessment: Companies can detect potential risk areas with automated security evaluation of their in-production applications before migrating them to the cloud.
- Comprehensive Security Insights: Organizations can identify risks associated with Infrastructure as Code technology such as Terraform or CloudFormation templates, allowing the teams responsible for their application to audit them from a security perspective.
- Improved Accurate Visibility: Organizations gain unprecedented visibility into the underlying policies associated with each resource within a production environment which allows for better decision making from an operational perspective to ensure compliance standards are met.
- Flexible Workloads: Privacera provides flexibility when managing multiple workloads to scale up or down depending on demand. This also reduces costs by utilizing resources necessary for a given workload at any given time during runtime.
- Enhanced Security Posture: Companies benefit from enhanced security posture since they will have greater control over user access using Privacera’s innovative approach which focuses on Zero Trust Model architecture, identity management capabilities and granular controls over user permissions while still providing streamlined operations without compromising on security principles.
Conclusion
Privacera provides a comprehensive cloud-native data security and compliance platform designed to address the increasing complexity of cloud infrastructure and data storage. Privacera helps customers manage security, compliance and risk across multiple clouds with its patent-pending technology and deep integration into popular cloud applications.
Privacera’s platform allows customers to quickly scan, classify and protect their cloud workloads while ensuring regulatory compliance. The company enables organizations to leverage automation, audit logging and policy enforcement to easily identify, monitor and protect sensitive data from internal or external threats. Through its Secure Cloud Architecture, Privacera simplifies the process of managing both regulatory requirements for secure access control for all data sources across multiple clouds. By streamlining the security process through automated authentication methods such as IP whitelisting or single sign-on (SSO) authentication with Cloud Foundry Service/Identity Providers (IdP), Privacera also boasts robust data protection capabilities such as encryption, tokenization and masking.
Privacera recently announced that it has secured $50M in Series C funding to further strengthen its innovative approach to cloud security. Proceeds from this funding round will further build the company’s product offering while expanding into new markets worldwide. This investment aims to help customers confidently manage their data in multi-cloud environments so they can focus on business growth instead of worrying about compliance or risk concerns for their valuable information assets.
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