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Dig Safety Banks $34 Million for Cloud Knowledge Safety

By Ryan Naraine on September 14, 2022

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Simply 4 months after rising from stealth with $11 million in seed funding, Dig Safety has banked an extra $34 million in enterprise capital funding as traders proceed to flock to cloud information safety startups.

Dig Safety stated the $34 million Collection A was led by Silicon Valley enterprise capital agency SignalFire, with participation from Felicis, Okta Ventures and Team8. 

The Tel Aviv, Israel-based Dig Safety is constructing a expertise for information detection and response (DDR), promising to offer real-time visibility, management and safety of information belongings within the cloud by means of a single unified coverage engine.

Dig Safety’s newest financing comes as enterprise capital traders rush to put bets on startups jostling for house within the Knowledge Safety Posture Administration (DSPM) house.

Over the past 12 months, a cadre of well-capitalized startups — Symmetry Methods ($15 million raised), Veza ($110 million raised), Laminar ($30 million), Securiti.ai ($81 million) and Normalyze ($22 million) — have began promoting machine studying expertise and tols to assist companies pinpoint safety dangers to digital belongings in multi-cloud environments. 

Dig Safety stated its product makes use of a complete risk mannequin for cloud information assaults that detects, analyzes, and immediately responds to cloud information threats to reduce enterprise influence and injury with a median mean-time-to-detection (MTTD) of lower than a minute. 

With a complete of $45 million in funding secured, Dig Safety says it has formidable plans to construct the most important information safety firm available in the market.  The corporate claims its platform is able to combining information safety posture administration (DSPM), information loss prevention (DLP), and information detection and response (DDR) capabilities right into a single interface. 

Associated: Dig Safety Emerges From Stealth With $11 Million in Funding

Associated: Knowledge Safety Firm Symmetry Methods Raises $15 Million

Associated: Cloud Detection and Response Agency Permiso Banks $10M in Funding

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