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Today, cloud data security provider Dig emerged from stealth with $11 million in seed funding with a new Data Detection and Response solution.
Data assets stored in the cloud can be discovered by the DRR solution, which provides real-time protection and response capabilities for those assets, so users can understand how data is being used.
Traditional security tools have failed to protect data assets stored in the cloud, so DRR solutions have the potential to offer greater transparency.
Organizations in all industries have suffered from increased complexity and decreased transparency over where data is stored and how it is protected, as cloud computing has grown more popular.
Even though 75% of organizations are using two or more cloud providers, research shows traditional security solutions don't work at all or have limitedFunctionality in cloud environments.
Most large enterprises operate across multiple clouds and have many different types of data stores. Dan Benjamin, co-founder and CEO of Dig, said that this fragmentation prevents organizations from securing and controlling their cloud data stores to adhere to compliance regulations and prevent data breeches.
This lack of visibility is something that Dig aims to address with agentless cloud monitoring of data assets stored in the cloud.
Organizations get instant visibility to all their data stores, understand how they are being used, and provide real-time protection for any data interaction with Dig.
The global cloud security market is expected to grow from $8.33 billion in 2020 to reach a value of $36.43 billion by 2028, as more organizations invest in cloud security.
Cyera, which launched out of stealth earlier this year with $60 million in funding, provides real-time visibility over data stored in the cloud, providing context on what the data is, and remediation guidelines, is competing against a wide range of providers in the market.
Open Raven is a platform that can automatically inventory cloud data stores and classify data, while enabling users to deploy out-of-the-box or custom data exposure policies to monitor if data is exposed outside of acceptable security controls. Open Raven has raised over 15 million dollars.
Benjamin argues that Dig distinguishes itself from other competitors because it provides active protection for data stores, and is built by a team who have deep knowledge of analyzing and threat modeling data stores to monitor for any malicious or incorrect activity happening in cloud data stores.
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