Dig Security

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.

In October 2023, reports surfaced that cybersecurity giant Palo Alto Networks was in advanced stages of negotiations to acquire Dig Security. Terms of the deal were not disclosed, though reports valued the deal at USD 300 million-400 million.

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 raised USD 34 million 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 expand this to 50 including in the US by the end of 2022.