LightBeam.ai, a trailblazer in zero trust data protection, has raised $17.8m in an oversubscribed Series A funding round.
This notable achievement is led by Vertex Ventures US, with contributions from Dropbox Ventures and existing investors 8VC and Village Global, as well as several angel investors.
This influx of capital marks a pivotal moment for LightBeam.ai, enabling the company to broaden its go-to-market strategies. These include expansions in sales, marketing, channel, and alliances, as well as continued investment in its vision to merge data security, privacy, and AI governance into a unified platform.
At its core, LightBeam.ai is redefining the landscape of data protection. Its pioneering platform focuses on automating security and compliance workflows, encapsulating a unified and consistent approach to data inventory, classification, and access. This approach is crucial in today’s data-driven economy, where massive exposure challenges arise due to the need for wide-ranging access to company and user data. LightBeam’s zero trust approach is instrumental in helping organizations maintain complete provenance of their data.
The new funding will be instrumental in enhancing LightBeam’s offerings. It aims to further develop its unique technology, which is crucial for organisations grappling with the increasing complexity of data protection and governance. The investment is set to catalyse the company’s growth, extending and enhancing LightBeam’s solutions.
LightBeam.ai’s impact is already evident across multiple sectors. Customers, including those in banking, financial services, insurance, healthcare, tech, and retail, have benefitted from its unique approach to data protection and governance. The recent funding is expected to significantly bolster the company’s capabilities and offerings.
Reflecting on this achievement, LightBeam co-founder and CEO Himanshu Shukla said, “In the era of Generative AI breakthroughs, organizations are empowered to unlock valuable insights from customer data. However, this advancement poses the crucial challenge of ensuring secure and compliant handling of customer data within the evolving landscape of AI governance and privacy regulations.
“At LightBeam, we address these challenges head-on with our revolutionary Zero Trust sensitive data protection platform. What sets us apart is our capability to automate security and compliance workflows seamlessly, providing a frictionless experience for sensitive data governance. We are committed to providing organizations with the tools they need to navigate these challenges effortlessly, empowering them to responsibly harness the power of Generative AI.”
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