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Cloud Data Security Firm Dig Emerges From Stealth With $11 Million in Funding

Israel-based cloud data security company Dig Security on Thursday announced emerging from stealth mode with $11 million in seed funding.

Dig’s seed funding round was led by Israeli startup foundry Team8, with participation from CrowdStrike’s Falcon Fund, CyberArk, Merlin Ventures, and several angel investors.

Dig Security emerges from stealthThe company has developed a data detection and response (DDR) solution designed to provide real-time visibility, control and protection of data assets in the cloud through a single unified policy engine.

Dig says its platform uses cloud data attack models to detect, analyze and respond to threats. It alerts organizations about anomalous or suspicious activity, helping them prevent data exfiltration and misuse of data by employees.

Dig was founded by Dan Benjamin (CEO), Ido Azran (VP of R&D) and Gad Akuka (CTO), whose previously founded startups were acquired by major companies.

“I’ve spoken to more than a hundred CISOs and hear the same complaints over and over,” said Benjamin. “Companies don’t know what data they hold in the cloud, where it is, or — most importantly — how to protect it. They have tools to protect endpoints, networks, APIs, but nothing to actively secure their data in public clouds.”

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Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.