CyberArk Ventures

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

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 Dig Security claims to provide the first cloud data detection and response (DDR) software-as-a-service app. The platform creates a threat model of all data assets in the public cloud based on a database of hundreds of real-life attacks. The platform leverages cloud data attack models to help organizations discover shadow data assets and monitor, detect, and respond to threats on data assets in public cloud environments (Microsoft Azure and AWS) in real time through a single unified policy engine. The platform provides context on each data asset including data classification by type and level of sensitivity, access auditing, data flows, and privilege analysis. It shows how data assets moves through an organization, how it is being used, and by whom in order to classify and prioritize risks, track whether each data source complies with standards such as SOC2 or HIPAA, and alert organizations on suspicious or anomalous activity in order to prevent data exfiltration and employee data misuse.
 
 
 Key customers and partnerships
 
 
 Dig Security counts several paying customers including financial services, business software, technology, and Fortune 500 companies across the US, Europe, and Israel.
 
 
 Funding and financials
 
 
 In September 2022, the company 
 <a href="https://sp-edge.com/updates/13100">
 raised USD 34 million 
 </a>
 in a Series A funding round led by SignalFire, bringing the total funding raised to USD 45 million. The funds were utilized to enhance its platform capabilities, expand its security research and customer support team headcount, and accelerate its go-to-market efforts.
 
 
 As of May 2022, Dig Security had an employee headcount of 30 and it has plans to 
 <a href="https://sp-edge.com/updates/10622">
 expand this to 50
 </a>
 including in the US by the end of 2022.
 
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Sweet’s Cloud Runtime Security Suite delivers capabilities for defending cloud workloads, shifting cloud security right. Founded by retired, IDF commanders with prodigious expertise in offensive and defensive cloud security, Sweet’s approach elevates the ability of security teams to shut down cloud attacks when they occur, where they occur, with maximum precision and minimal business disruption.

Dig Security is a cloud data security startup that provides real-time visibility, control, and protection of data assets. Monitoring and detecting data exfiltration and policy violations has become a challenging problem with few, fragmented solutions as enterprises transition to complex settings with dozens of different database types across clouds. To help businesses better manage cloud data sprawl, Dig's cloud-native and entirely agentless methodology reinvents cloud DLP with DDR (Data Detection & Response) capabilities.

CyberArk Ventures is a venture capital firm of CyberArk.

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