ALTR, a Melbourne FL-based automated data governance and security, raised $25 million in Series C Preferred funding.
The round was led by John Stafford III.
John S. Stafford, III is a Chicago-based trader, investor, and principal trading firm executive. John is the chief executive officer and co-founder of Ronin Capital LLC.
ALTR Use of Funds
The company will use the funds for its SaaS-based data access governance and security solutions. The funding will support ALTR's market expansion, go-to-market strategy, partner integrations, and channel relations.
Founded in 2014 by Chris Struttmann, James Beecham, Scott Goldfarb, Gordon Martin, Pete Martin, Ian Savage, and Rich Newman, ALTR is a provider of an automated data access governance and data security solutions for Snowflake. ALTR uniquely blends the needs of data and security teams into a single platform and is the only automated data access control and security solution that allows organizations to easily govern and protect sensitive data in the cloud. Its solution focuses on securing data throughout its journey from source systems to the cloud. Today, hundreds of companies and thousands of users leverage ALTR’s platform.
Company: ALTR Solutions, Inc.
Round: Series C
Funding Month: November 2023
Lead Investors: John Stafford III
Company Website: https://www.altr.com/
Software Category: Data Governance and Security Solutions