Immuta, which enables teams to control access to cloud data, has closed its Series D round on $90m to further its position in the market and capitalising on the rising demand for its services.
The round was supported by a number of new investors to Immuta, including Greenspring Associates, March Capital, NGP Capital and Wipro Ventures. Existing backers Ten Eleven Ventures, Intel Capital, DFJ Growth, Dell Technologies Capital, Citi Ventures and Okta Ventures, also contributed to the round.
With the capital injection, the company hopes to deepen its product research and development, expand its sales and marketing capacity to meet demand in the US, EMEA and APAC, and broaden its strategic partnerships within the cloud data ecosystem.
In addition to the funding announcement, Immuta revealed it has added Amazon Redshift and Azure Synapse as the latest cloud data platforms integrated with its platform.
Founded in 2015, Immuta helps large organisations scale centralised data operations and analytic teams. The platform can automate access control for data on any cloud service and any across all compute infrastructure.
Over the past fiscal year, the company has grown its worldwide bookings by over 115% and doubled its headcount. It also expanded its global customers to include Aon, Credit Suisse, Daimler, Flatiron, IAG, S&P Global, and US Army.
Immuta CEO Matthew Carroll said, “We’ve entered a new era in data and analytics fuelled by ubiquitous cloud storage, new cloud data management tools, and the rise of DataOps.
“In this new environment, data teams are challenged to provide secure, scaled access to thousands of cloud data products while maintaining strong security, privacy protection, and auditability. Traditional methods of data access control don’t work, don’t scale across cloud compute platforms, and can limit data utility.
“Immuta’s platform solves this problem elegantly without requiring data to be moved, copied, or manually provisioned. This new funding will accelerate innovation and GTM expansion so we can deliver our platform to more customers as we lead the charge to define the future of cloud data access control.”
With the close of the Series D, the company has raised a total of $169m in funding. Immuta closed its Series C round on $40m in 2020.
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