Wednesday, 2024 April 17

Israeli cybersecurity firm Satori raises USD 20 million for its cloud data platform

Israeli cybersecurity firm Satori has raised USD 20 million in a Series A round, the company announced this month. The round was led by B Capital Group and Evolution Equity Partners, with participation from YL Ventures, a seed investor in the company.

Founded in 2019 by Eldad Chai, who is now CEO, and Yoav Cohen, the current CTO, Satori said it is the first DataSecOps platform to democratize data and scale cloud data analytics, embedding security into data operations by providing security capabilities at the infrastructure level and removing friction for data consumers. Satori’s Universal Data Access Service provides visibility and a single control plane for real-time data access and usage oversight across modern data stacks.

The company will use the infusion of capital to fuel its continued R&D innovation and go-to-market expansion in the US.

“Satori’s platform is the only service able to seamlessly integrate diverse data tech stacks, and streamline data access and security, without code and without changes to the underlying data stores,” said Chai.

“The old way of solving security by custom-building walls between users and data has resulted in a pervasive disconnect between vision and reality for scalable cloud data and analytics,” said Mainak Mazumdar, chief data and research officer at The Nielsen Company and a member of Satori’s advisory board.

Satori recently announced a partnership with Snowflake to enable DataSecOps for Snowflake’s data cloud. This collaboration has also led to a soon-to-be-released publication, Snowflake Security: Securing Your Snowflake Data Cloud, a comprehensive guide developed alongside Snowflake, codifying DataSecOps best practices to enable data teams to secure their cloud environment.

“We started Satori as we knew cloud data infrastructures would require a radical shift in security toward it being granular, universal, and also non-intrusive,” said Cohen. “Having launched with multiple out-of-the-box integrations with the industry’s leading cloud data stores, such as Snowflake, Amazon Redshift, Amazon Athena, Amazon Aurora, and Azure SQL, we empower data teams to roll out self-service access, row- and column-level security, and dynamic de-identification across data stores in minutes.”

“Satori’s innovative DataSecOps platform is changing the way organizations leverage data access controls,” said Ofer Schreiber, partner at YL Ventures. “Its unique solution provides users with the visibility, security, and compliance to universally manage data, with granular access in a holistic platform. We were not surprised to see the impressive rise in Satori’s customer base over the past year, with customer adoption growing accordingly as a vote of confidence in Satori’s value and performance.”

Read this: Israeli app developer Lightricks secures USD 130 million at USD 1.8 billion valuation

The article was originally published by NoCamels, a leading news website covering breakthrough innovation from Israel for a global audience.


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