Symmetry Systems Secures $17.7M Funding to Fuel Expansion of AI-Driven Data Security Platform

Symmetry Systems Secures $17.7 Million in Funding for AI-Powered Data Security

Introduction

Symmetry Systems, a next-generation AI-powered data-centric security company, announced an inside round of funding totaling $17.7 million. The funding round included repeat participation from ForgePoint Capital and Prefix Capital, along with new participants W11 Capital Management and TSG (The Syndicate Group), a channel-focused strategic investor. Symmetry Systems aims to protect the world’s data, ensuring resilience and enabling modern data-centric companies to grow, innovate, and lead with confidence.

Data-Centric Security in the Cloud Era

The world today is experiencing two significant trends that necessitate a new approach to data security. First, organizations are utilizing data in increasingly sophisticated ways, from data lakes to generative AI. Secondly, with the shift to the cloud, data and identity have become the primary focus of security controls, surpassing infrastructure and applications. This shift highlights the need for data-centric organizations to build security measures around data and the identities that access it.

Symmetry Systems recognizes this need and aims to provide solutions that offer great visibility into every data object, its access permissions, and the activities performed on it. By enabling safe and agile innovation, Symmetry Systems enables modern companies to collaborate confidently while maintaining security.

The Need for Agile and Resilient Data

In the era of remote work and generative AI, organizations must unlock their data to remain agile and resilient. However, many organizations do not fully understand their data, who can access it, or how it is used. As a result, data is either locked away in regulated vaults or exposed to unmanaged risks in the cloud and data lakes.

Symmetry Systems addresses these challenges by enabling secure and efficient data flow across business units, into the cloud, and within data lakes. Their solutions empower partners, including managed security service providers, incident response teams, and GSIs such as Accenture, to proactively fortify their customers’ data against risks and respond with data-object level precision within minutes when incidents occur.

Collaborative Data Security

Data security is no longer solely the responsibility of security experts. It has become a collaborative effort that involves both security and business teams, including developers and data specialists. Symmetry Systems understands this shift and aims to facilitate collaboration by developing an LLM-based natural language interface.

Through this interface, even business users without deep cloud expertise can comprehend the security and compliance risks associated with data and actions taken on it. The interface provides plain language prompts that allow users to understand the risk landscape and iteratively improve data security.

Industry Recognition and Future Expansion

Symmetry Systems has gained recognition for its technical prowess and ability to solve complex problems for its customers. The company’s DataGuard solution stands out in the data access governance space for its ability to analyze data objects and identities that traditional solutions often miss. This analysis allows security teams to accurately assess the risk associated with data in their environment.

With the new funding, Symmetry Systems plans to scale its AI-powered data security platform and strengthen its position as the industry’s first hybrid cloud data security platform. Its solution safeguards data at scale across AWS, GCP, Azure services, and on-premise databases while supporting a data-centric zero trust model.

Conclusion

Symmetry Systems’ recent round of funding signals the recognition of the crucial role data security plays in the modern business landscape. As organizations increasingly rely on data-driven technologies, securing the flow and access to data becomes paramount. Symmetry Systems’ focus on data-centric security, along with its commitment to collaboration and innovation, positions it as a key player in the evolving cybersecurity landscape.

However, as organizations embrace new technologies and unlock the full potential of their data, they must also prioritize vigilance and adherence to best practices to safeguard against potential threats. Symmetry Systems, along with other industry leaders, can provide guidance, tools, and solutions to address these challenges effectively.