Multi-cloud management tools aim to enhance security and reduce costs

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Data security is becoming more complex due to the proliferation of data, the proliferation of microservices, the rapid adoption of the cloud, hybrid work environments, compliance, and remote work.

“Today’s enterprises are aware that data is scattered in a variety of cloud environments with limited visibility where sensitive data resides. Normalyze co-founder and CEO Amer Deeba said: It states as follows.

“We built Normalyze to classify and protect sensitive data in all public clouds,” Deeba said. Normalyze today announced that it will break out of $ 22 million in stealth with Series A funding. The round brings the company’s total funding to date to $ 26 million.

Ravi Ithal, co-founder of Normalyze, said: And CTO.

“The Normalyze One-Pass Scanner allows users to scan structured and unstructured data stores to detect sensitive information based on predefined compliance profiles such as PII, GDPR, and HIPAA. Data stays in the cloud environment while minimizing configuration and cost, “Ital said.

Organizations are adopting multi-cloud, but security can be compromised

Multi-cloud architectures are more complex and difficult to manage, and only 13.6% of tech leaders believe they have mastered cloud security.

According to a survey by the Flexera 2022 State of the Cloud Report, the biggest challenges for the C Suite are security, expertise and spending. This is the main reason why a recent report from Research and Markets estimates the global multi-cloud management market to be $ 6.4 billion.

A detailed review of McKinsey’s cloud cost optimization lever predicts that EBITDA of over $ 1 trillion will be achieved in 2030 across Fortune 500 companies. This number will undoubtedly increase as cloud services drive the adoption of new technologies such as expansion. Reality and blockchain.

Trend Micro Incorporated, Cisco Systems, and McAfee continue to lead the pack as the top three, according to a recent report from Fortune Business Insights comparing cloud computing security leaders.

Stay on top with decades of brand awareness, a proven and solid platform, continuous innovation in delivering new related services (such as Kubernetes), and interesting step-by-step pricing options for different enterprise levels. I am.

“Protecting data across multiple cloud environments has become an important pillar of today’s enterprise security programs,” said Dharmesh Thakker, General Partner of Battery Ventures. “Normalyze has built a powerful platform for DevOps specialists, security engineers and CISOs to increase visibility into” chaotic growth of data. ” Links between infrastructure, applications, and users. It also automates to detect and fix security issues in real time. We are pleased to partner with leading executives at companies such as Netskope and Qualys to hone their skills and ultimately bring a data-centric view to cloud security. “

Lasso around data sprawl to prevent data loss

Arif Janmohamed, a partner at Lightspeed, said:

“Normalyze solves this problem on a large scale by providing security teams with accurate visibility into sensitive data across all cloud environments and surrounding attack paths,” said Janmohamed.

Today, the company announced a model that supports all public cloud platforms. Full data discovery, data store access, and daily cloud scanning give security engineers and DevOps specialists visibility into all cloud data, user access setups and configurations.

“Ideally, you should be able to use the same platform as your engineers and DevOps team. This will allow you to visualize your cloud environment in real time, create signatures that combine sensitive data with access details, configurations, and vulnerabilities to track your attack path. It can be continuously discovered and promoted. Corelight CISO Bernard Brantley said:

Financing rounds are used to expand the engineering and DevOps teams to develop the company’s market development and sales strategies. Founded by security veterans Ravi Ithal and Amer Deeba, the company is co-founded by Lightspeed Venture Partners and Battery Ventures to call Corelight and Netskope customers.

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