Cyral announces $11M Series A to help protect data in cloud
Cyral, an early stage startup that helps protect data saved in cloud repositories, introduced an $11 million Series A right now. The firm additionally revealed a earlier undisclosed $4.1 million angel funding, making the overall $15.1 million.
The Series A was led by Redpoint Ventures. A.Capital Ventures, Costanoa VC, Firebolt, SV Angel and Trifecta Capital additionally participated in on the spherical.
Cyral co-founder and CEO Manav Mital says the corporate’s product acts as a safety layer on prime of cloud data repositories — whether or not databases, data lakes, data warehouse or different data repository — serving to establish points like defective configurations or anomalous exercise.
Mital says that not like most safety data merchandise of this ilk, Cyral doesn’t use an agent or watch factors to strive to detect alerts that point out one thing is going on to the data. Instead, he says that Cyral is a safety layer hooked up immediately to the data.
“The core innovation of Cyral is to put a layer of visibility attached right to the data endpoint, right to the interface where application services and users talk to the data endpoint, and in real time see the communication,” Mital defined.
As an instance, he says that Cyral might detect that somebody has instantly began scanning rows of bank card data, or that somebody was making an attempt to join to a database on an unencrypted connection. In every of those circumstances, Cyral would detect the issue, and relying on the configuration, ship an alert to the shopper’s safety group to take care of the issue, or robotically shut down entry to the database earlier than informing the safety group.
It’s nonetheless early days for Cyral with 15 staff and a handful of early entry prospects. Mital says for this spherical he’s engaged on constructing a product to market that’s properly designed and straightforward to use.
He says that folks get the issue he’s making an attempt to clear up. “We could walk into any company and they are all worried about this problem. So for us getting people interested has not been an issue. We just want to make sure we build an amazing product,” he mentioned.