Cloud data security company Theom has emerged from stealth mode with an oversubscribed $16.4 million seed funding round.
The investment was led by Ridge Ventures and Microsoft’s M12 venture fund, and it will help the company expand its cloud data security solution.
Founded by former executives from Google, Cisco and Yahoo, Theom has developed a product designed to help organizations secure data in the cloud and SaaS data stores.
The company’s platform inventories data, prioritizes identified risks based on data value and who has access to it, and ensures that security controls follow the data when it’s stored, moved, copied or transacted.
“Theom’s approach to cloud data security takes inspiration from how the Secret Service protects high-value assets– the president and VIPs,” said Navindra Yadav, CEO and co-founder of Theom.
“Theom ensures controls follow the data like a bodyguard – just like the Secret Service bodyguards do – by identifying high-value assets, assessing risks continuously, ensuring that protection always follows, and adapting the security as environments change,” Yadav added.
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