UPDATED 09:00 EDT / AUGUST 09 2023

SECURITY

Data store and object security startup Symmetry Systems raises $18M

Data store and object security startup Symmetry Systems Inc. today announced it has raised $18 million in new funding to accelerate global revenue-generating efforts, including the scaling of channel sales.

Founded in 2018, Symmetry has as its mission to protect the world’s data, ensuring resilience and enabling modern data-centric companies to grow, innovate and lead with confidence. The company offers a purpose-built data store and object security platform that provides visibility and unified access control over valuable data assets.

Symmetry claims to have “rethought the security stack” in a data and artificial intelligence-centric world, with companies racing to innovate with generative AI and Large Language Models. Symmetry Systems ensures a symmetric balance between a company’s freedom to innovate with agility and its need to protect its most valuable asset — data.

The company’s data-security solution, DataGuard, offers what it says is robust yet lightweight safeguarding without red tape, learning and adapting to a company’s data wealth and needs. DataGuard uses AI to build an agentless security model unique to an organization that provides granular visibility into every part of a company’s data, who has access to it and how it’s being used.

The solution autonomously scans for anomalous behaviors and threats, helping companies manage and take calculated risks as they innovate and build for a data-centric future.

“We believe that privacy enables individuals to have agency over their future and that privacy and data security has to be built into infrastructure – cloud today and the edge tomorrow,” Mohit Tiwari, co-founder and chief executive of Symmetry Systems, said ahead of the announcement. “Our work guards what matters most — data — and enables security teams to see through complex cloud permissions, accesses, and data types over billions of data objects.”

OVN Capital LLC led the growth capital funding round, with Adit Capital Manage, TSG Capital Partners LP and existing investor Forgepoint Capital LLC also participating. Symmetry Systems had previously raised $15 million in 2021. Including the new funding, the company has raised $36 million to date, according to data from Crunchbase.

Image: Symmetry Systems

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