Dig Security, a key player in the cloud data security space, announced today it has secured a strategic investment from Samsung Ventures.
This reinforces Dig’s position as a leading player in the industry and signals Samsung Ventures’ dedication to supporting cutting-edge data security firms.
The sum of the investment, though undisclosed, promises to be substantial and will expedite Dig Security’s product development and market deployment efforts. Samsung Ventures’ commitment underscores its intention to equip a new generation of data security leaders with the necessary support to innovate and scale their solutions for worldwide impact.
Dig Security is revered for its revolutionary cloud data security posture management (DSPM) platform. The DSPM comes equipped with real-time data detection and response (DDR) capabilities and is transforming how enterprises worldwide approach data security.
With these fresh funds, Dig Security aims to broaden its global reach, enhancing its revolutionary DSPM platform’s accessibility. The DSPM is unique in its combination of data security posture management (DSPM), data loss prevention (DLP), and data detection and response (DDR) capabilities, offering a comprehensive solution that no other platform in the industry can currently match.
Additional information highlights the versatility of Dig Security’s platform, which supports all cloud infrastructures, including AWS, Azure, GCP, and Oracle, and popular data clouds like Snowflake and Databricks. This flexibility is key to Dig’s offering, as it caters to organisations that are shifting to complex environments with dozens of database types across clouds.
Dig Security CEO Dan Benjamin said, “Data is an organisation’s most valuable asset, yet until now, there have been no adequate solutions to protect it in modern, cloud-first environments. Our partnership with Samsung Ventures is opening new doors for us as we continue to invest in scaling the Dig Data Security Platform and expanding access to our industry-leading solutions for global enterprises.”
This latest funding round follows Dig Security’s Series A investment led by SignalFire in September 2022. The investment from Samsung Ventures will bolster Dig Security’s mission to provide a robust cloud data security solution that protects data without compromising agility and performance.
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global