Dig Security

Data Risk Detection and Response Solution

Cyber Security
Acquired (Inactive) by Palo Alto Networks on Oct 2023 - closed due to acquisition
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Company Overview

Snapshot

Founded in September 2021 by Dan Benjamin, Gad Akuka, and Ido Azran, Dig Security operated with 11–50 employees. The company raised $45 million across 3 funding rounds from 9 investors. In October 2023, Dig Security was acquired by Palo Alto Networks.

Business overview

Dig Security provides a data risk detection and response solution that discovers and classifies data assets across platform-as-a-service (PaaS), infrastructure-as-a-service (IaaS), and database-as-a-service (DBaaS) environments. Its core technology offers the industry’s first real-time data detection and response (DDR) system, delivering contextualized alerts and insights into data movement and usage within organizations. The agentless, out-of-band solution serves enterprises and IT sectors, operating within the Cyber Security sector, specifically focusing on Data Security.

Strategic signal

In October 2023, Dig Security was acquired by Palo Alto Networks, a significant validation of its real-time data detection and response technology. This acquisition highlights the increasing demand for advanced cloud data security solutions and signals a strategic move by Palo Alto Networks to enhance its offerings in the data security posture management (DSPM) market.

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Company Intelligence Q&A

What was the most significant corporate event for Dig Security?
In October 2023, Dig Security was acquired by Palo Alto Networks, leading to its current inactive status.
When was Dig Security founded and by whom?
Dig Security was founded in September 2021 by co-founders Dan Benjamin, Gad Akuka, and Ido Azran.
Which investors participated in Dig Security's September 2022 funding round?
In September 2022, Dig Security secured funding with SignalFire as a lead investor, joined by.
Did Dig Security receive any strategic investments?
In February 2023, Dig Security received a strategic investment from Samsung Venture Investment.
What recognition did Dig Security receive in April 2023?
In April 2023, Dig Security was recognized as a leading cloud data security and DSPM solution in Cyber Defense Magazine's 2023 Global InfoSec Awards.
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