Dymium, a Los Gatos, CA-based data access management company, raised $7M in funding.
The round was led by $5m from Two Bear Capital and $2m from angel investors. Mike Goguen, Founder and Managing Partner of Two Bear Capital, has joined the Dymium board. In addition, Lou Pambianco, Tim Richardson, Melanie Corcoran, and Paul Temple have joined as advisors.
The company intends to use the funds to advance product development and expand its sales and marketing teams.
Led by Denzil Wessels, CEO, Igor Plotnikov, VP of Engineering, and Valentyn Kamyshenko, CTO, Dymium enables organizations to manage data access requirements across a proliferation of data without stifling innovation. Its platform provides data agility without risk by taking data access to where data lives. The solution, which eliminates the complexity, availability, and timeliness challenges of duplicating data into data warehouses or data lakes, combines a zero trust architecture, centralized access policies, and real-time, universal data translation services, ensuring only authorized users can access the right data regardless of its location.
The session-aware data security platform can get any user or application the data in real-time in the format desired. All data is governed by security and compliance policies that are dynamically applied to all data access requests. This ensures that users see not only the right data but only the data they are entitled to see. The solution does not make copies of the data; instead, Dymium applies data access policies and transformation in transit, eliminating the challenges endemic with data duplication.
The company plans to expand into multiple market sectors including healthcare, finance, defense and intelligence, and digital infrastructure providers where data security has high value.
FinSMEs
20/03/2024