News Briefs

Data security company Immuta locks up $100m

New round reportedly valued the company at more than $1 billion and brings total funding to date to $267 million.

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  • Boston-based company enables organizations to discover, protect and monitor sensitive data.
  • New investment brings total financing to date to $267 million.
  • Round attracted new investor Snowflake Ventures, the venture capital arm of the Data Cloud company.
  • Existing investors participating in the round include Dell Technologies Capital, DFJ Growth, IAG, Intel Capital, March Capital, StepStone, Ten Eleven Ventures and Wipro Ventures.

Immuta, which provides a cloud-based platform for enterprises to secure their data, announced a $100m series E funding round led by NightDragon. The round valued the company at more than $1 billion, according to a report by DealStreetAsia.

“As the threat landscape continues to escalate and cloud migration continues, we’re seeing increased global interest in the need for secure data access solutions,” Dave DeWalt, managing director at NightDragon said in a press release.

Boston-based Immuta said it had record growth in 2021, increasing commercial annual recurring revenue by more than 100 percent. It will use the new funding for product development and to expand its sales, marketing, and customer-success teams.

“We’ve entered the next wave of the cloud data evolution where automation and security are essential to meeting modern cloud and data demands,” CEO Matthew Carroll said in the press release. “This new funding will help propel Immuta into our next phase of growth as we continue to revolutionize cloud data access and data security.”