Dig, a cloud data security company, has emerged from stealth and received $11 million in seed funding from CrowdStrike (through its Falcon Fund), CyberArk and other investors. Dig will use the funding to bolster its cloud data detection and response (DDR) solution, the company indicated.
Organizations can use Dig's DDR solution to maintain real-time visibility, control and protection of data assets across their cloud environments, the company said. The solution's features include:
Dig's DDR solution can be used to identify data assets across public clouds. It also tracks if a data source supports compliance with SOC2, HIPAA and other standards.
What Does the Future Hold for Dig?
Dig promotes data transparency and improves cloud data security and protection, CrowdStrike CTO Michael Sentonas indicated. It will provide organizations with visibility across their cloud infrastructure and help them address data protection challenges.
Meanwhile, Dig has received support from several prominent investors. In addition to CrowdStrike and CyberArk, Dig's investors include:
We'll be watching to see if/when Dig begins partner outreach to MSPs and MSSPs.
CrowdStrike, CyberArk: Venture Capital Funds for Cybersecurity Startups
Both CrowdStrike and CyberArk have been active in the venture capital market. Indeed, the CrowdStrike Falcon Fund has invested in multiple cybersecurity startups that have MSP and MSSP go-to-market business models.
Meanwhile, CyberArk launched a $30 million VC fund in May. Investments beyond Dig include Enso Security for application security posture management (ASPM); and Zero Networks for identity-based microsegmentation services.
Further down the road, watch for more venture capital news or investment milestones to potentially surface at the CyberArk Impact 2022 conference in July, and the CrowdStrike Fal.con 2022 conference in September.
