Tel-Aviv based security company, Satori Cyber, has raised $5.25 million in seed funding. The funding was led by YL Ventures.
The company’s CEO and Co-founder Eldad Chai wrote in his blog: “Today, I am thrilled to announce the $5.25M seed round led by YL Ventures for Satori Cyber, the cybersecurity industry’s first Secure Data Access Cloud to accelerate data-driven innovation.”
Satori Cyber’s main aim is to secure their client’s data in the best way possible. The company’s first offering is Secure Data Access Cloud. It provides data-flow mapping, data privacy, and granular and contextualized data access policies. The tool helps organizations know where the data is and who is accessing it.
With the seed funding, the company is coming out of stealth. Eldad Chai and Yoav Cohen co-founded the company. Both have been monitoring the requirements of the trend in cybersecurity risk space. Both of them have been employees at Incapsula and Imperva. They have had the best seats in the industry to see and support the early adopters of digital transformations by building security solutions.
The CEO ended his blog by saying that the company is excited about the future and cannot wait to see where it leads to Satori Cyber.