Application data security provider Pathlock this week announced that it has raised $20 million in strategic funding led by Vertica Capital Partners.
The funding round was announced in conjunction with a rebranding from Greenlight Technologies to Pathlock.
Founded in 2004, Flemington, NJ-based Pathlock plans to use the new injection of cash to accelerate development of its automated application governance solution and enhance its insider threat prevention capabilities.
Pathlock’s orchestration platform can provide real-time data protection to more than 140 on-premise and cloud applications, including SAP, Oracle, Salesforce, NetSuite, Workday, and others. Security and privacy controls include conditional access, including user provisioning and temporary elevation, ongoing User Access Reviews, internal control testing, transaction monitoring, and audit preparation.
“Unlike traditional risk, audit, and security systems, Pathlock continuously monitors and synthesizes transactions across all enterprise applications where sensitive activities and data are concentrated,” the company explains. “It surfaces actual violations, not theoretical possibilities. With Pathlock as the hub, all lines of defense work together to make informed decisions.”