Polymer, a cloud-native no-code data loss prevention solution for third-party SaaS platforms, has secured $4m in its seed funding round.
Story Ventures served as the lead investor, with commitments also coming from Indicator Ventures, Studio Ventures, Green Egg Ventures and Maccabee Ventures. Existing Polymer backers Tensility Ventures, Motivate Ventures and Inspiration Ventures also joined the round.
This equity injection will help the FinTech company to execute on its vision of autonomous DLP for SaaS platforms to protect against sensitive customer data leakage.
Polymer is a no-code data loss prevention platform for third-party SaaS applications, including Slack, Dropbox, Google Drive, Zendesk, OneDrive, Teams, SharePoint, GitHub, Zapier and others.
Its platform can autonomously remediate risks associated with sensitive data leakage and helps security teams manage data governance and provide real-time data controls.
Story Ventures managing partner Jake Yormack said, “As a data-focused venture capital firm, we have a front row seat to the challenge of protecting sensitive customer data.
“This is particularly apparent when Story portfolio companies use modern cloud applications that don’t have tooling to protect against sensitive data loss. Yasir Ali, CEO and founder, and Usman Malik, co-founder, are driving automation and innovation into the DLP space.”
As part of the investment round, Yormack and Indicator Ventures partner Baiyin Murphy will join the Polymer board of directors.
With the close of the round, the company has raised a total of $5m in funding.
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