Eureka Receives $8M from YL Ventures to Drive Secure Cloud Data Growth
PANW veterans accelerate safe and compliant data-use in the cloud with the industry’s first Data Cloud Security Management solution
Eureka, an Israeli startup offering holistic security across cloud data stores, today announced $8M in seed funding led by YL Ventures with participation from renowned security executives and serial entrepreneurs. Founded by Palo Alto Networks (PANW) veterans Liat Hayun (CEO), former VP of Product Management, and Asaf Weiss (CTO), former Senior Director of Engineering, Eureka enables security teams to mitigate the risk of data loss and theft in multi-cloud environments by gaining control over their organization’s entire cloud data security posture and compliance.
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“Protecting data in legacy on-premise environments was challenging enough for most enterprises. The cloud revolution brings new opportunities to leverage data at scale—and makes it even more urgent to find scalable approaches to cloud data security”
Industry leaders and security luminaries who participated in Eureka’s seed round include Edna Conway (VP, Security & Risk Officer, Azure Hardware Systems & Infrastructure at Microsoft), David Hannigan (Director of Product Security Assurance at Google Cloud), Andy Ellis (Former CSO at Akamai Technologies), Maarten Van Horenbeeck (CISO at Zendesk), Assaf Rappaport (CEO at Wiz) and Ben Bernstein (Former CEO at Twistlock, acquired by PANW).
Rapid cloud migration is generating tremendous value for forward-thinking organizations, but security teams are struggling to keep up with the pace of data proliferation. Cloud adoption and increased hyperautomation make it easier for businesses to generate and utilize cloud data stores, which often contain sensitive personal, financial and operational information, as well as IP and trade secrets. Unfortunately, while these burgeoning data stores present opportunities for enterprises, they are also growing as increasingly attractive targets for bad actors.
As the volume and value of cloud data rises, so too does the risk associated with this data and the need for enterprises to comply with complex regulation. Many data stores are generated and used within company environments outside of the supervision of security teams, who have neither the visibility nor the tools required to globally track and manage them. Security leaders are voicing their concerns about this growing gap in larger numbers, “Protecting data in legacy on-premise environments was challenging enough for most enterprises. The cloud revolution brings new opportunities to leverage data at scale—and makes it even more urgent to find scalable approaches to cloud data security,” warns Andy Ellis, Former CSO of Akamai Technologies.
Eureka seeks to address this growing challenge, without inhibiting the productivity driving the cloud data expansion, by using the power of automation. The platform provides a seamless discovery and classification mechanism and a unified policy engine that integrates with all of the cloud platforms and processes that organizations use today. It enables data store inventory and contextualization, policy definition and deployment, and risk monitoring and management.
