Harmonic Security, a San Francisco, CA-based company providing tools to protect sensitive data, raised $17.5M in Series A funding.
The round was led by Next47. It joined Ten Eleven Ventures which led the $7M seed round in October 2023.
The company intends to use the funds to scale up its engineering and go-to-market efforts.
Led by CEO Alastair Paterson, Harmonic Security gives security teams the tools to protect sensitive data without labeling and complex rules. By working with dozens of innovative CIOs and CISOs across the world, the company has built an entirely new approach to data protection. The company has trained its own language models for data protection that are based on unique datasets of highly realistic sensitive materials. This allows Harmonic to accurately detect all types of sensitive data in milliseconds.
Total funding has now reached more than $26m since the company launched in October last year with enterprise customers already in double figures. Harmonic already employs 30 people across the United States and the United Kingdom.
Commenting on the news, Alastair Paterson said: “Over the past 20 years, complex data classification and labeling exercises and noisy rules have created headaches for security teams, not least a huge burden of meaningless false positives. Now, with the rapid adoption of Generative AI, renewed data privacy risks mean that legacy data protection tools are not fit for purpose. Harmonic Security is redefining the entire data protection category which GenAI has brought into sharp focus, and we will use the Series A to accelerate the rapid progress we have already achieved.”
FinSMEs
02/10/2024