The funding will be used to expand Symmetry's channel partnerships, offer a starter visibility product, and build out the second phase of cloud data security. The company, which competes with data security firms like Rubrik-owned Laminar, Open Raven, and IBM’s Polar, among others, is also building a robust federal sales program. It currently has around 40 employees and plans to increase its workforce to 50-55 by the end of the year.
Key takeaways:
- Data security startup Symmetry Systems has raised $18 million in a funding round led by OVN Capital, bringing its total raised to $36 million.
- Symmetry Systems provides a platform that offers visibility into who has access to a company’s data and how it’s being used, helping to define policies for data flow.
- The company is developing a large language model that will allow customers to discuss data security and compliance risks in plain English and suggest mitigation steps.
- Symmetry Systems plans to use the latest investment to scale out its channel partnerships, offer a starter visibility product, and build out the second phase of cloud data security.
