Dasera Raises $12 Million in Series A

by Kay Aloha Villamor in April 21st, 2023

Dasera, a Moutain View, CA-based data security platform specializing in automated data security and governance solutions, announced that it raised $12 million in Series A funding, bringing its total funding to $20 million.

The round was led by Storm Ventures, with participation from Correlation Ventures, Mighty Capital, Tau Ventures, Intuitive Cloud, and existing investors Sierra Ventures and Saama Capital.

The funds will be used to fuel product development, broaden market presence, and bolster customer support.

"Our vision is to create a safer, data-driven world," said Ani Chaudhuri, Chief Executive Officer and co-founder of Dasera. "What is uncontested is that the world is intent on being driven. The opportunity and the obligation are to be safer and data-driven. The status quo is more the data usage, more the risk. Dasera changes that. We bend the data-risk curve for companies by protecting the entire data lifecycle."

The company’s data security platform fosters a culture of trust, collaboration, and innovation, creating data-driven environments. Its solution empowers organizations to unleash the full potential of their data confidently, maintaining a competitive edge in the ever-evolving landscape.

Dasera empowers organizations to harness their data securely, providing automated data security and governance controls for on-prem and cloud environments.

With real-time monitoring, an open platform standard that integrates and ingests context from any tool, and cross-functional workflows that streamline the incident response process, Dasera detects and remediates potential data misuse or leaks, ensuring safe and compliant data-driven decision-making.

Company: Dasera, Inc.

Raised: $12.0M

Round: Series A

Funding Month: April 2023

Lead Investors: Storm Ventures

Additional Investors: Correlation Ventures, Mighty Capital, Tau Ventures, Intuitive Cloud, Sierra Ventures, and Saama Capital

Company Website: https://www.dasera.com/

Software Category: Data-Centric Security Software

About the Company: Dasera is a comprehensive data security platform that automates data security and governance controls, safeguarding your company's data throughout its entire lifecycle, both in the cloud and on-prem. Dasera's comprehensive data security and governance controls can help identify inappropriate usage of sensitive data - such as an analyst feeding proprietary or private customer data into AI tools, enabling organizations to maintain visibility and control over their data assets even when a few bad apples engage with advanced AI solutions. Dasera’s mission is to reinvent data security for the way cloud-first organizations use data. 

Source: https://www.businesswire.com/news/home/20230419005272/en/Dasera-Raises-12-Million-Series-A-Funding-to-Pioneer-a-New-Era-of-Data-Security-and-Governance-Risk-Management

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