Polar Security, a cloud-native data security company, has today announced that it has raised $8.5 million in Seed and launched out of stealth. The round was led by Glilot Capital Partners with participation from IBI Tech Fund and angel investors such as 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; among others.
Data creation and the increased migration to the cloud have become more chaotic in recent years due to the number of data stores and other factors. As well as difficulty in following and protecting unmanaged data through different workloads, it can also cause developers to unintentionally create trails of ‘shadow data’ - data that security and compliance teams aren’t aware of and pose a threat for an attack.
Polar’s solution helps organizations see where data stores exist, which stores hold what information, who has access to this information, and spot and prevent data vulnerabilities and compliance violations. Its technology automates the discoveries and classification of data actress inventory and spots the difference between actual and potential data flows. This helps teams see and preempt each risk relating to data security and compliance.
“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,” said Guy Shanny, Co-founder and CEO of Polar Security. “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.”
Kobi Samboursky, Founder and Managing Partner at Glilot Capital Partners, added: “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.”
Polar Security was founded in 2021 by Shanny, Dov Yoran (Chairman), and Roey Yaacovi (CTO). Its mission is to automatically and continuously secure cloud-native data “as fast as developers create it” using an approach that focuses on a company’s most prized possessions: its sensitive data across data stores including managed, unmanaged, and shadow data.
“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.”