Immuta secures $100M for data security and privacy solutions crucial to edge computing

Categories Edge Computing News  |  Edge Security  |  Funding
Immuta secures $100M for data security and privacy solutions crucial to edge computing

Data security automation solutions provider Immuta has raised $100 million for its Series E round to provide advanced data access solutions with integrated data security and privacy features. Automating the process of data management will be an important part of edge computing: trusting that data has not been compromised is critical as companies seek to transform data from a growing array of sources at the edge of the network.

The financing round was led by NightDragon and a new investor, Snowflake Ventures. Existing investors also participated, including Dell Technologies Capital, DFJ Growth, IAG, Intel Capital, March Capital, StepStone, Ten Eleven Ventures, and Wipro Ventures.

“There is a major shift in the modern data stack as organizations scale to derive value from their data more quickly while also protecting their data assets and adhering to privacy regulations,” said Matthew Carroll, CEO of Immuta. “We’ve entered the next wave of the cloud data evolution where automation and security are essential to meeting modern cloud and data demands.

Immuta says it enables enterprises and small organizations to provide access to data at scale while taking care of data security and sovereignty. Immuta plans to accelerate the development of data access, governance, and security solutions to help enterprises and businesses in their digital transformation journey. The company will also utilize the investments to continue its global expansion into EMEA and APAC markets. In 2021, the company said it increased annual recurring revenue by more than 100% and also doubled its customer base.

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With its expansion into Australia and New Zealand, the company has added new customers and recruited people in the region, for example. In 2021, Immuta could also collaborate with cloud data platforms for native integrations, including Snowflake, Databricks, Amazon, Google, Azure, and Starburst. The Snowflake partnership has since grown into an investment stake.

“With this expanded partnership, enterprise customers can benefit from both Snowflake’s native data policies for data governance and Immuta’s simple, centralized, and comprehensive method for managing and automating data policy within specific workflows,” said Christian Kleinerman, Snowflake SVP of Product. “Together, customers have a solution for more seamless data policy enforcement, ultimately allowing for more customer value. We look forward to partnering with Immuta through the next stages of its growth.”

What does secure data access at scale mean for edge computing solutions?

In the era of digitalization and edge computing, enterprises depend on edge sensor data from hundreds to thousands of edge devices. The value of edge computing lies in the data being processed as close to the source and providing real-time insights.

When there are thousands of IoT devices being deployed at the edge, data security becomes a concern when the data travels from the edge to cloud data centers. A distributed cloud is the cloud technology that connects the network to distributed resources; thus, edge computing becomes a part of the distributed cloud system. Edge devices can generate a massive amount of data which can enhance decision-making. However, accessing and migrating this edge data with security is very important as edge data is the underlying ‘gold’ for edge technology.

Immuta says its cloud migration solution governs sensitive edge data while moving to the cloud. The technology provides a framework for consistent data management throughout the cloud migration process. As a unified platform, Immuta says it gives controlled access to stored data from one place without impacting security policies. The solution also enables enterprises and organizations to connect all the edge sensor data to cloud platforms and behaves as a single access point to ensure that data is always accessible.

“As the threat landscape continues to escalate and cloud migration continues, we’re seeing increased global interest in the need for secure data access solutions,” said Dave DeWalt, former CEO of FireEye, McAfee, Documentum and now founder and managing director at NightDragon. “Immuta is the clear market leader in providing secure data access, providing data teams with one universal platform to control access to data at scale.

Immuta also provides automated access and privacy controls across cloud data platforms. Immuta gives centralized data access for data teams to use automated solutions across multiple cloud data platforms through attribute-based access controls (ABAC). Immuta’’s data masking capabilities enable businesses to scale data access protection with masking and anonymization techniques. As a unified platform, the solution monitors and logs data access across the cloud data ecosystem.

“This new funding will help propel Immuta into our next phase of growth as we continue to revolutionize cloud data access and data security,” Carroll added.

Immuta has also announced a partnership with Wipro Limited to deliver Immuta’s data access and security technology for Snowflake analytics deployments.

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