Symmetry Systems Closes $17.7 Million To Scale its AI-Powered Data Security Platform
SAN JOSE, Calif., Aug. 9, 2023 /PRNewswire/ -- Symmetry Systems, a next generation AI-powered data-centric security company, today announced an $17.7 million inside round of funding with repeat participation from ForgePoint Capital and Prefix Capital and new participants W11 Capital Management and TSG (The Syndicate Group), a channel-focused strategic investor.
Symmetry Systems' mission is to protect the world's data, ensuring resilience and enabling modern data-centric companies to grow, innovate and lead with confidence. The world today has two massive tailwinds. First, organizations are doing incredibly sophisticated things with data, from datalakes to generative AI. Second, in the cloud, data and identity become the main points of security controls versus infrastructure and applications. This means data-centric organizations will have to build security around data and the identities that use it. And that's Symmetry's focus.
"It's extremely gratifying to see that after 15 years of research, data flows have a central place in enterprise cloud security. Spectacular data applications need a new kind of security — as long as we provide great visibility into every data object, who has access to it and what they're doing with it, we can enable safe and agile innovation within modern companies where everyone can collaborate confidently," said Mohit Tiwari, Co-Founder and CEO of Symmetry Systems.
Organizations must unlock their data to be agile and resilient, and even to survive, in a remote-first, generative AI era. Yet organizations do not even know what data they have, who can access it, or how it is used. As a result, data is either locked away in regulated vaults or exposed to unmanaged risk in cloud and data lakes. Symmetry enables that data to flow – across business units and into the cloud and data lakes – faster and safer than ever before. Partners, including managed security service providers, incident response teams, and GSIs such as Accenture, turn to Symmetry to proactively harden their customers' data against risks and respond with data-object level precision within minutes when an incident does occur.
Data – what to keep around, who to share it with, and how to use it – is everyone's business in an organization. As a result, an effective data security solution must evolve beyond a security experts-only product to become a collaborative tool for both security and business (including developer and data) teams. Symmetry is building an LLM-based natural language interface, where even a business user without deep cloud expertise can understand what data and what actions create a security or compliance risk, as well as what options can iteratively improve data risk, through a sequence of plain language prompts.
Byron Alsberg, Co-Founder of Prefix Capital, stated, "Symmetry is one of those rare companies that knows how to build deeply technical products to solve very difficult and complex problems for its customers. When you see an opportunity like this, you double-down."
"In the data access governance space, Symmetry DataGuard differentiates itself with its ability to analyze data objects and identities previously missed by traditional solutions so security teams can accurately contextualize the risk of the data in their environment," said Katherine Walther, VP, Innovation at Trace3. "We look forward to bringing this innovative approach to our clients and organizations who still find themselves grappling to find efficient and effective ways to meet data security policies and compliance regulations."
Further details on the funding round are available at https://www.symmetry-systems.com/blog/symmetry-systems-closes-17-7-million-to-scale-its-ai-powered-data-security-platform/. For more information about Symmetry Systems or the DataGuard solution, please visit https://www.symmetry-systems.com/.
About Symmetry Systems
Symmetry Systems is the industry's first hybrid cloud data security platform that safeguards data at scale in AWS, GCP, Azure services, and on-premise databases while supporting a data-centric zero trust model. With Symmetry, security and compliance teams can address threats quickly through AI-driven data security posture management (DSPM). Symmetry provides visibility into data risks from excessive permissions and anomalous data flows while giving organizations the evidence required to demonstrate compliance best practices.
Born from the award-winning Spark Research Lab at UT Austin, Symmetry is backed by leading security investors ForgePoint Capital and Prefix Capital with participation from Accenture Ventures. Symmetry provides solutions for the most demanding security teams. For more information about Symmetry Systems, please visit www.symmetry-systems.com or follow us on Twitter or LinkedIn.
Media Contact
Caitlin Kruell
Lumina Communications for Symmetry Systems
[email protected]
SOURCE Symmetry Systems
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