Oracle is making its popular APEX low-code development platform available as a managed cloud service that developers can use to build data-driven enterprise applications quickly and easily.
Symmetry Systems emerged from stealth a year after raising $3 million in seed funding.
The round was led by two premier venture funds investing in foundational and transformative technologies, ForgePoint Capital and Prefix Capital. Symmetry Systems' flagship solution, DataGuard, provides unified visibility into data objects across all data stores, answering data security and compliance questions that traditional tools cannot. This financing will be used to spearhead product development and customer support resulting from active pilot deployments in notable healthcare, fintech, manufacturing and technology organizations.
"Traditional approaches to battling the threat landscape have left security teams with an impossible task: guard your organization's most critical information with tools that focus on securing the fortress, not its gold," said Symmetry Systems CEO and Co-Founder, Mohit Tiwari. "We are committed to amplifying the visibility and control security engineers have over their organization's data by analyzing information they already have."
"Our seed investment in Symmetry Systems represents ForgePoint's first founding investment," said William Lin, co-founder and partner of ForgePoint Capital. "From the original thesis, to the introduction to Mohit, to the investment, to helping build the company over the past year, every decision has been driven based on feedback from CISOs and security practitioners in our collective networks. It has been a lot of fun to collaborate with friends over the past year here."
Organizations have focused their security spend on applications and infrastructure tools that treat protecting data as a side effect. This creates a blind spot for security engineers who struggle to find ground-truth visibility within their organization's data stores, leaving sensitive customer information such as PII, PCI, and PHI, exposed. Symmetry DataGuard learns how data is used, accessed, and managed, whether by your organization or a partner, to deliver actionable visibility, least privilege policies and guided response. By enabling developers to move quickly to meet customer demand, while still being good custodians of user data, security engineers are empowered to drive compliance, detection-response, and data-store specific defenses by default.