Strategic funding, product enhancements, and new key executives empower Immuta to meet growing data security demands
Immuta, a data security leader, announced an additional strategic investment to its Series E funding round from ServiceNow. This investment comes at a time of immense growth for Immuta and its Data Security Platform SaaS offering, which saw annual recurring revenue increase by 200% over the last fiscal year. With this investment, Immuta will continue growing its cloud offering as demand for comprehensive data security soars in the US, as well as the EMEA and APJ regions.
Building upon Immuta’s continued growth in 2022, the company will continue to leverage its funding to accelerate product innovation as it expands its Data Security Platform. The funding will also be used to deepen strategic partnerships within the cloud data ecosystem and strengthen its commitment to customer success.
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“ServiceNow is committed to investing in leading technologies that drive secure digital transformation outcomes,” said Lou Fiorello, vice president and general manager of security products at ServiceNow. “Immuta has proven itself to be a clear leader in data security and we see Immuta’s product innovation and platform as enablers for organizations to maximize the value of their cloud investments.”
“Immuta built excellent momentum in 2022 and continued to establish itself as a leading SaaS solution for data security over the past year,” said Matthew Carroll, CEO, Immuta. “I’m proud of our continued growth on all fronts – financial, partnerships, employees, customers, products, and geographies – as it illustrates our tried and true product, innovative teams, enthusiastic customer support, and strong company culture. This momentum, fueled by additional funding from ServiceNow, will help launch Immuta into our next phase of growth and meet the growing data security demands we’re seeing from our customers.”
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