Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Data Security Startup Cyral Emerges From Stealth Mode

California-based data security startup Cyral emerged from stealth mode this week and announced that it has raised $11 million in a Series A funding round. The company previously received $4.1 million in an angel investment round, which brings the total raised to date to over $15 million.

California-based data security startup Cyral emerged from stealth mode this week and announced that it has raised $11 million in a Series A funding round. The company previously received $4.1 million in an angel investment round, which brings the total raised to date to over $15 million.

Cyral provides a cloud-native service designed to make it easy for organizations to monitor their systems and enforce policies across the data endpoints utilized by services, applications and users, both in the cloud and on premises.

The goal is to provide comprehensive access control and defense against threats such as password spraying, credentials inadvertently exposed in code or configuration files, SQL injection attacks, reconnaissance operations, account hijacking, and logging vulnerabilities.

Cyral claims its service intercepts requests to data endpoints without having a negative impact on performance. All request structures are analyzed for sensitive data access, and the platform automatically generates policies based on normal behavior. If suspicious activity is identified, Cyral can block threats and unauthorized access to data.

The Series A round announced this week was led by Redpoint Ventures, with participation from A.Capital, Costanoa VC, Firebolt, SV Angel and Trifecta Capital.

Manav Mital, Cyral co-founder and CEO, told SecurityWeek that the money will mostly be invested in R&D and customer support. Mital says the company is very focused on making the service easy to use and it aims to integrate it with as many ecosystem tools as possible, including monitoring tools such as Datadog and Grafana, and identity providers like Active Directory and Okta.

The firm will also invest in a security research team whose role will be to gather intelligence and enable customers to respond to emerging threats in a timely manner.

Mital says his company’s product is currently in early access, and it’s expected to become generally available later this year, “once we have enough of an investment in integrations and support to be able to delight to any customer who signs up online.”

Advertisement. Scroll to continue reading.

Cyral already has some paying customers that have deployed its service in production. The organizations that have used or tested the product range from 10-person startups to enterprises with over 2,000 employees, mainly in the financial services, health, and high-tech verticals.

Related: Data Protection Firm BigID Raises $50 Million

Related: Data Security Firm Very Good Security (VGS) Raises $35 Million

Related: Cloud Data Protection Firm OwnBackup Raises $23 Million

Written By

Eduard Kovacs (@EduardKovacs) is a managing 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.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Data Protection

The cryptopocalypse is the point at which quantum computing becomes powerful enough to use Shor’s algorithm to crack PKI encryption.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

Artificial Intelligence

The CRYSTALS-Kyber public-key encryption and key encapsulation mechanism recommended by NIST for post-quantum cryptography has been broken using AI combined with side channel attacks.

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.