Symmetry Systems, provider of cutting-edge Data Store and Object Security
(DSOS), announced a $15 million Series A funding round led by Prefix
Capital and ForgePoint Capital, two premier venture funds investing in
foundational and transformative technologies. The investment will support the
company's rapid growth in revenue, customers, and employees.
This latest funding round also
featured participation from Accenture Ventures and Symmetry Systems is now part
of their
Project Spotlight, its engagement and investment
program that connects emerging technology software startups with the Global
2000 to fill strategic innovation gaps. In addition, this round includes
leading practitioners, such as Tom Gonser, Founder of DocuSign; Omkhar
Arasarathnam, Engineering Director at Google Cloud; Bob Gleichauf, EVP at
InQTel and ex-CTO at Cisco; David Tsao, VP of Security Engineering at Marqeta;
and Sameer Sait, Chief Information Security Officer at Amazon Whole Foods.
"At Symmetry, we believe that
privacy enables individuals to have agency over their future, and that privacy
and data security has to be built into infrastructure -- cloud today and the
edge tomorrow," said Mohit Tiwari, CEO and co-founder of Symmetry Systems. "Our
work guards what matters most -- data -- and enables security teams to see
through complex cloud permissions, accesses, and data types over billions of
data objects."
In today's hybrid cloud
environment, data spans across databases, object stores, and data lakes. Users,
developers, supply-chain vendors, contractors all get to data via a web of
roles and applications. Symmetry Systems' flagship solution, DataGuard,
provides unified visibility into data objects across all data stores, answering
data security and compliance questions that traditional cloud security tools
cannot. E.g., what data is affected by a compromised credential, or an
exploited web-service, or an off-boarded analyst? DataGuard enables cloud- and
security-operations to understand and systematically control data risks --
defining the path to zero trust for data -- while baking in compliance and incident
response into infrastructure-as-code.
"We're proud to be a founding investor with Mohit Tiwari and Casen Hunger. The
experience of helping to build the team and product at Symmetry has been a joy
and we're excited to double-down." said Will Lin, Managing Director &
co-founder at ForgePoint Capital, "There is a white space in data security for
the modern hybrid cloud world and Symmetry is well-poised to help customers
gain visibility and manage the modern risks to data."
"At Prefix, we seek rare companies
that can define new market spaces with transformational technology, vision, and
execution," said Byron Alsberg, co-founder and Managing Partner at Prefix
Capital. "Mohit, Casen, and the Symmetry team are defining a critical area of
cybersecurity that most enterprises barely understood only a few years ago."
"We believe Symmetry Systems
has an innovative, modern approach to data security that our clients will
benefit from," said Rex Thexton, who leads Accenture Security's applied
cybersecurity services globally. "Data is the backbone of any organization, and
it is more important than ever as businesses continue to move workloads to the
cloud that they have data stored securely with visibility into where it is
stored. Offering unified visibility across hybrid cloud environments is a top
priority for Accenture in helping our clients minimize risk with a solution
that has security built in from the start."
For more information about
Symmetry Systems, or the DataGuard solution, please visit https://www.symmetry-systems.com/.