Dymium Raises $7 Million in Funding

by Kay Aloha Villamor in March 21st, 2024

Dymium, a Los Gastos, CA-based data access management company, has emerged from stealth with $7 million in funding.    


The round was led by Two Bear Capital, with participation from angel investors.  

Founded in 2019, Two Bear Capital is a venture capital firm based in Whitefish, Montana. The firm seeks to invest in early-stage companies operating in biotech, bioinformatics, healthcare information technology, machine learning, artificial intelligence, and information security sectors.  

Dymium Use of Funds  

The company plans to use the funding to advance product development and expand the company's sales and marketing teams. Dymium is expanding into multiple market sectors including healthcare, finance, defense and intelligence, and digital infrastructure providers where data security has especially high value.   

About Dymium   

Founded by Denzil Wessels, Igor Plotnikov, and Valentyn Kamyshenko, Dymium specializes in data and network security. It provides a SaaS-based cloud platform for identity and access management (IAM) and performs transformations to the data as specified by the data owner. The Dymium Platform is a session-aware data security platform that can deliver data to any user or application in real time in the desired format. The company is on a mission to accelerate innovation and agility without putting your company, your country, or your citizens at risk.  

 Funding Details                       

Company: Dymium, Inc.   

Raised: $7.0M      

Round: Unknown   

Funding Month: March 2024                          

Lead Investors: Two Bear Capital   

Additional Investors:     

Company Website: https://www.dymium.io/    

Software Category: Data Access Management  

Source: https://www.prnewswire.com/news-releases/dymium-emerges-out-of-stealth-with-7m-in-funding-led-by-two-bear-capital-to-launch-zero-trust-data-security-platform-with-secure-ai-chat-302094680.html  


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