Privacera, the leading provider of Cloud-First Data Governance and Security Solutions, recently announced that it has secured a $50 million Series B funding round.
The company’s Cloud-First Data Governance and Security Solutions are being adopted by Global Organizations to address their data security, auditing, and compliance requirements.
This article will introduce Privacera’s Cloud-First Data Governance, including its features and benefits and how it can help organizations secure and improve their data governance.
Overview of Privacera
Privacera, founded in 2016, is a cloud-based data governance and security software company. Their mission is to help organizations realize the full potential of their data. They are focused on providing their customers with the ability to securely manage and govern their data in the cloud while accelerating speed to insight and transformation.
Privacera offers an innovative suite of products designed for addressing enterprise data workloads: Securics, a platform for ensuring visibility into access control & risk across cloud workloads; Data Governance, a comprehensive solution for defining classification policies & access controls; and Automation Services, powered by machine learning that enables intelligent automation of sensitive data protection processes.
Recently, Privacera secured $50 million in Series B funding led by Andreessen Horowitz’s Growth Fund to further accelerate their product development and better serve organizations worldwide. This investment will also enable them to develop new capabilities for controlling sensitive information assets such as user PII, application credentials & confidential financial information across public and hybrid cloud landscapes.
Privacera Secures $50 Million Series B – Advances Cloud-First Data Governance and Security Across Global Organizations
Privacera, the leading cloud-first data governance and security company, has secured a $50 million Series B funding round. This financing round was led by Grayhawk Capital, with participation from new and existing investors.
The funds will further accelerate Privacera’s cloud-first data governance and security capabilities across global organizations. This round brings the total amount raised by Privacera to $70 million.
Details of the Funding
Privacera, a cloud-first data governance and security solutions provider, has secured a $50 million Series B financing round. The new investor Tiger Global Management led the funding, joining existing investor Sequoia Capital. Current CEO Karthik Pattabiraman will continue to lead the company with the support of this financing which will accelerate its global growth.
The capital will further innovate Privacera’s Intelligent Data Governance platform and expand Privacera’s presence in the cloud-first data governance market by enhancing its partner program, online presence and sales organization. This investment also supports its commitment to empowering customers of all sizes and industries managing their data in the cloud to stay compliant with global data regulations such as GDPR, CCPA and others while maximizing their data’s value.
Privacy’s multi-cloud platform provides comprehensive visibility across cloud environments including Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), Snowflake, Cloudera/Hortonworks Data Platform (HDP) and ConfluenceData Lake Formation. It helps organizations discover unstructured user data in minutes regardless of where it is stored or how users interact with it; classify user files across clouds using intelligent machine learning models; manage access control for unstructured users; generate reports for risk assessment or compliance; audit file-level usage activity; create automatic alerts for malicious activities or malicious actors.
Impact of the Funding
The recent Series B funding of $50 million for Privacera, a cloud-first data governance and security company, demonstrates the increasing demand for effective data governance solutions in large global organizations. The funding round was led by Sapphire Ventures and Microsoft’s M12 venture fund, with participation from existing investors Accel, Insight Venture Partners and Vertex Ventures.
The new funds will enable Privacera to accelerate its development of cloud-native solutions that seamlessly manage data in rapidly expanding Big Data environments while meeting any area’s regulatory compliance standards. These powerful solutions simplify data security access control and reduce the time required to deploy and maintain compliance processes.
Given that private cloud adoption is expected to continue at a rapid pace, these investments will provide repeated support for ongoing product innovation and market expansion in critical areas such as governments, healthcare, healthcare providers and enterprises which require a higher level of security requirements.
Moreover, this extra support comes at an opportune time when the need for easily identifiable strands of proof that could explain consumer behavior has become imminent due to widespread privacy concerns. Thanks to this strategic funding, Privacera is expected to be an industry leader in cloud-first data governance solutions used by major global enterprise organizations.
Advancing Cloud-First Data Governance
Privacera, a leading cloud-first data governance and security solutions provider, recently announced its $50 million Series B investment from a leading venture capital firm. This investment will advance its cloud-first data governance and security offerings across global organizations.
With Privacera’s unique technology, companies can gain a comprehensive view of their data, and confidently manage, control, and protect it.
Let’s take a deeper look at how Privacera Secures Cloud-First Data Governance.
Benefits of Cloud-First Data Governance
The benefits of cloud-first data governance are diverse and expansive. From increased security to improved system-wide access, Cloud-First Data Governance allows organizations of all sizes to benefit from the latest technologies and innovations when it comes to managing sensitive data.
Cloud-First Data Governance involves implementing data governance processes that prioritize cloud computing services, such as Amazon Web Services, Microsoft Azure, Google Cloud Platform, etc. With this approach, organizations can store and maintain critical information in a secure environment that can be accessed from any location. This approach also makes it easier for organizations to keep tabs on their data infrastructure to ensure compliance with industry regulations, warranty requirements, and other standards as needed.
Other benefits that come along with Cloud-First Data Governance include:
- Data ownership assurance
- Higher automated efficiency
- Elimination of manual processing
- Reduced costs associated with traditional hardware infrastructure
- Flexibility for analytics applications through various cloud service providers
- Better transparency into operational mandates across federated systems
In summation, Cloud-First Data Governance offers unmatched security through its ability to store private information offsite while providing unparalleled scalability for business operations.
Challenges of Cloud-First Data Governance
Cloud-First Data Governance (CFDP) can be a challenge for today’s organizations attempting to adhere to global privacy regulations, manage ever-increasing data volumes, and securely store and move information. From its ability to process large amounts of data at high velocity to its scalability and cost-effectiveness—Cloud technology has become an integral component for businesses of all sizes globally. However, with Cloud-First Data Governance, companies must ensure proper governance, compliance and security to use the Cloud effectively.
Organizations struggle with monitoring user access, understanding what data is being stored in the Cloud, protecting sensitive information from internal or external threats and safeguarding it from misuse. Companies must address these issues as they are key components to ensuring success with CFDP and business continuity due to the possibility of data breaches occurring if security measures fail or malicious actors gain access.
Organizations must have accurate situational awareness of their environment and utilize strong authentication mechanisms such as multi-factor authentication to protect their systems from attacks or data theft. Furthermore, compliance laws require that entities understand where their customer’s data resides to adhere to mandated regulations and prevent any possible negative implications from complying properly with those stipulations.
Furthermore, comprehensive governance is essential when implementing a Cloud-First approach. Businesses are often unaware of how many endpoints are accessing their organizational resources creating potential risks through compromised accounts or exposed credentials due to weak security practices or insufficient oversight procedures. However, they may think they have an effective system setup.
Organizations should build checks into their system so that any unauthorized access or inappropriate activity can be detected quickly and mitigated before they cause harm while also having a way of tracking who accessed which resources within the network without logging out first if needed for incident investigation purposes later down the line should it become necessary (such records being kept for compliance purposes).
Lastly, enterprise visibility into both users & administrators actions is equally important; knowing who & what is accessing those pipelines is vital when deploying secure governance strategies throughout operations make sure everyone performs his/her role correctly & efficiently – contributing towards excellence & reducing potential risks associated with third parties handling privileged accounts entitlements on all systems across channels within your environment!
Privacera’s Vision for Cloud-First Data Governance
As the shift from traditional data architectures to cloud-native systems continues to gain more traction amongst global organizations, security and data governance tools become more necessary for day-to-day operations.
Privacera’s cloud-first data governance solutions provide the increased security needed for businesses to securely protect and use their data across their cloud infrastructure. By generating $50 million in their Series B funding round, Privacera is well-positioned to realize their vision of cloud-first data governance and security.
This post will explore the benefits of Privacera’s cloud-first data governance solutions and outline how their technology can help organizations improve their data security.
Key Components of Privacera’s Vision
Privacera’s vision for cloud-first data governance allows organizations to protect, manage, and secure data stored in their cloud systems. This requires translating traditional on-premise access control and security policies into agile and efficient policies compatible with cloud systems’ distributed nature.
To achieve this vision, Privacera has brought together key components of its comprehensive solution for cloud-first data governance: comprehensive risk and compliance; unified policy management; unified audit and analytics; efficient workflow automation; advanced security; and out of the box integrations with popular enterprise third-party applications.
Comprehensive Risk & Compliance: Privacera’s platform gives customers a centralized view of their risk exposure across multiple clouds, SaaS applications, on-premises systems, private clouds and hybrid environments. This enables organizations to proactively manage the exposure by leveraging analytics to identify anomalies early and enforce relevant policies across all environments.
Unified Policy Management: A unified platform allows organizations to set up policies across multiple environments including cloud resources and IAM controls, so they can establish consistent regulations while efficiently managing distributed infrastructure configurations. Policies can be described in simple language to meet global regulations such as GDPR or local jurisdictions such as HIPAA or FERPA without manually configuring complex rules allowing customers flexibility when managing their environment.
Unified Audit & Analytics: Privacera provides real-time insights into risks by collecting audit logs from multiple sources (including existing SIEM aggregation solutions) to build an accurate picture of cloud resource access patterns over time. Advanced analytics processes combined with behavioral mining capabilities allow customers to continuously monitor changes in usage patterns across several infrastructures while uncovering suspicious activity quickly so they can remain compliant at all times.
Efficient Workflow Automation: Automation features simplify the process of obtaining approvals from stakeholders with minimal administrative efforts required from teams – through customizable workflow options enabling secure data access even within complex multi-cloud architectures. Organizations gain confidence knowing that sensitive information is never disclosed outside approved channels/systems preventing compliance roadblocks & potential security breaches associated with manual verification processes for privileged users’ operations activities related to SaaS apps or IaaS messaging technologies like Kafka or RabbitMQ etc..
Advanced Security: The security features in the Privacera product suite leverage machine learning algorithms exploring massive amounts of data generated from user activities which makes it possible for companies to detect abnormal behaviors quickly while providing defensible responses back mitigating threats before they become significant incidents causing harm/damage eternally associated lifestyle brands respectively – ensuring a level playing field at all times amongst true competitors alike respectively assuming similar standards being applied automatically every day first & foremostly endowing transparency realism similar behavior/activity patterns among respective parties each time privacy is protected meaningfully — leading towards market share optimization accurately eventually maximizing success ratio proactively by design thoughtfully overall?
Impact of Privacera’s Vision
Privacera’s vision of cloud-first data governance aims to help global organizations protect their private data and prevent data breaches. Privacera, a cloud data platform security leader, recently announced they have secured a $50 million Series B round of funding, led by Pine Grove Capital. The funding will help accelerate the adoption of the Privacera platform, fuel future growth, and enhance product development for its comprehensive cloud-first data governance solution.
A successful cloud-first data governance strategy is more important now than ever before. With many companies deploying applications across public and private clouds at an accelerated rate due to the pandemic, those companies need to secure their private data and deploy advanced security measures quickly. This is where Privacera’s platform offerings come into play.
Privacera’s cloud-first offering helps enterprises implement sophisticated analytics to identify abnormalities in their dataset footprints while meeting regulatory compliance needs (e.g., HIPAA/ GDPR/ CCPA). It allows organizations to continuously search and monitor corporate datasets in an automated manner using AI recommendations; this reduces manual efforts while helping organizations stay compliant with changing security regulations such as those imposed by HIPAA or GDPR.
In addition, Privacera allows businesses to define role-based access policies across all datasets stored within Azure cloud instances or other on-premises clusters.
The ability to secure sensitive corporate information without compromising performance or IT capabilities has made Privacera’s solution increasingly popular among enterprise customers globally to protect valuable customer information from potential malicious actors or misuse due to inadequate cybersecurity protocols. The latest funding adds further confidence in the capabilities of Privacera’s offerings as it continues its quest to bring true enterprise data governance solutions within reach for organizations worldwide.
Global Organizations Leverage Privacera’s Cloud-First Data Governance
Privacera recently announced a $50 million Series B funding round, which is being used to advance cloud-first data governance and security across global organizations. With this additional funding, Privacera provides organizations with the data governance, compliance, and security solutions they need to protect their data in the cloud with minimal effort.
Let’s explore some of how Privacera is helping organizations leverage the power of cloud-first data governance.
Benefits of Leveraging Privacera’s Cloud-First Data Governance
Global organizations leverage Privacera’s cloud-first data governance solution to secure their data, protect privacy, and comply with regulations. With Privacera’s solution, organizations can enable secure data sharing while maintaining consistent control and governance over access to sensitive data. This helps increase data security across the organization and reduce compliance costs associated with regulatory or contractual obligations.
Privacera provides an automated and centralized platform for end-to-end management of sensitive cloud data, delivering actionable intelligence and visibility into all stages of the life cycle of enterprise data: from collection, to storage, to processing and sharing. As a result, the platform enables organizations to ensure improved accuracy and the highest levels of security for the entire organization.
Using comprehensive security analytics capabilities, Privacera provides organizations with insights into user behavior to ensure only authorized individuals can access privileged information. In addition, policies created through Privacera’s machine learning capabilities become a part of every cloud computing operation performed by users within an organization thus providing organizations with improved controls over their data governance operations.
By utilizing Privacera’s cloud-first data governance services, global organizations can efficiently maintain granular visibility into all their processes while at the same time meeting their specific regulatory requirements such as GDPR or HIPAA (Health Information Privacy Authorization).
For example, organizations can now monitor privileged accounts to detect anomalous behavior that may indicate malicious activities within their systems. Additionally, they can validate who has access to certain areas to assess any privacy violations or potential threats posed by unethical actors or intrusions targeting critical corporate assets stored within the cloud platform.
In conclusion, leveraging Privacera’s Cloud-First Data Governance is vital for global organizations to ensure robust and secure operations through compliant use of critical corporate assets stored within the cloud platform.
Challenges of Leveraging Privacera’s Cloud-First Data Governance
Organizations are increasingly moving to the cloud to improve efficiency, reduce costs, and collaborate with global partners. However, this shift to the cloud presents a unique set of security and data privacy challenges. While cloud environments offer flexibility, scalability and significant cost savings, they also bring a unique set of data governance and security risks.
Privacera is a leading provider of cloud-first data governance solutions that allow organizations to easily secure sensitive data across their hybrid cloud environment. Their purpose-built platform helps organizations gain visibility into their application usage, information usage and access levels within their organization to ensure tenants’ compliance with regulations and security requirements.
Additionally, global organizations working in highly regulated environments such as healthcare, banking or government benefit from Privacera’s ability to securely control access based on geographical regions or job functions.
Privacera recently secured $50 million in Series B funding, which means it has further advanced its community of Enterprise customers using its cloud-first data governance model for visibility into application usage, user access levels and sensitive information protection. This increased funding has enabled Privacera to expand its global reach into new industries including finance, healthcare and government entities worldwide.
Organizations leveraging Privacera benefit from its custom policies that provide complete control over their digital assets including multi-cloud application deployments (e.g., Amazon Web Services (AWS), Microsoft Azure or Google Cloud Platform (GCP)). Additionally, they benefit from automated classification of intellectual property based on custom algorithms tailored for each organization’s industry-specific needs. Their platform also includes role-, attribute-, behavior-, location-based access controls that can be used independently or in combination for granular controls over who has what level of access in different parts of an organization’s hybrid environment.
Lastly the platform includes end-to-end analytics providing an entire view into who is accessing which applications with what privilege level holding smart recommendations for risk mitigation through their predictive analytics engine all while maintaining confidentiality & privacy by design by complying with GDPR & CCPA among others international legislations & compliance frameworks.
Conclusion
This $50 million Series B marks an important milestone in Privacera’s journey to secure global organizations’ cloud-first data governance and security. The investment will allow the company to scale its team, technology, and operations worldwide. It will also allow Privacera to expand its platform for customers that need better control and compliance over their cloud data.
With this new capital injection, Privacera is determined to become one of the leading providers in the cloud-first data governance and security space. Its goal is to help organizations protect their data from any kind of vulnerability or malicious usage, while enhancing their compliance with industry regulations. In addition, the company is fiercely committed to driving innovation in this area via its proactive dashboard monitoring, automated alerting platforms, and intuitive workflow capabilities. Truly a promising endeavor worth investing in!
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tags = Privacera, Advances Cloud, First Data Governance, Insight Partners, cloud-first company, GDPR, privacera 50m partnerswiggersventurebeat, AWS, Azure, Databricks, Google Cloud and Snowflake.
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