News: Polar security raises $8.5 Mn in seed funding


Polar security raises $8.5 Mn in seed funding

The data security company plans to launch out of stealth and aims to create new age solutions to tackle challenges in the cybersecurity landscape.
Polar security raises $8.5 Mn in seed funding

Cloud data security company Polar Security has raised a $8.5 million seed financing in a funding round led by Glilot Capital Partners with participation from IBI Tech Fund and followed by angel investors including Co-founder & CEO of Cloud Security Alliance Jim Reavis, former RSA CTO Tim Belcher, former President of Qualys and Industry Executive Ann Johnson, Co-founder & CEO of Internet Security Systems and VP & GM of IBM Security Tom Noonan and more. 

"As basic as it seems, many companies don't know where their data stores are, what's inside that data, and where that data is going. This is what excites us about Polar Security. By ensuring data stores are secured as well as in compliance with the company's regulatory policies as soon as they are created, Polar's technology will become a foundational piece of every CISO's toolkit moving forward.” said Kobi Samboursky, Founder and Managing Partner at Glilot Capital Partners.

Polar Security was co-founded by cyber veteran Dov Yoran, CEO Guy Shanny, who at the age of 14, founded, built and sold a web research company and CTO Roey Yaacovi, who is the recipient of the prestigious Israeli Prime Minister's Award for Best Technological Operational Project Achievement.

Guy Shanny, Co-founder and CEO of Polar Security, said,"To solve data security in the cloud, you must focus on the crown jewels - the data stores holding sensitive data - as fast as developers create new data. We built Polar to help companies automate their data security across known and unknown data stores, to continuously prevent cloud data vulnerabilities and compliance violations at any scale - what was until now an unsolvable challenge."

The rise of shadow data has made cloud computing companies more agile and alert to work on the data security part. The challenges that are creeping up on the cybersecurity landscape are enabling companies to come up with bold solutions.

"Daunting challenges require bold solutions, and Polar Security has set out to provide just that," said Jim Reavis, Co-founder & CEO of the Cloud Security Alliance. "When it comes to cloud data security, every company around the world must answer the question of how to best protect its data. I am very excited to have the opportunity to work with Polar as it builds and deploys a solution to answer today's toughest data security questions."

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Topics: Technology, Funding & Investment, #Cybersecurity

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