Dig Security

Data Risk Detection and Response Solution

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

Company Overview

Snapshot

Founded in September 2021 by Dan Benjamin, Gad Akuka, and Ido Azran, Dig Security grew to 11–50 employees. The company raised $45M 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 (DDR) solution designed to discover and classify data assets across platform-as-a-service (PaaS), infrastructure-as-a-service (IaaS), and database-as-a-service (DBaaS) environments. Its core technology offers real-time contextualized alerting to provide insights into data movement and usage within an organization. The company's agentless and out-of-band solution serves the cyber security sector, focusing on cloud data security for enterprises, IT, and financial institutions.

Strategic signal

In October 2023, Palo Alto Networks confirmed its acquisition of Dig Security. This strategic move highlights the increasing demand for robust cloud data security solutions and validates Dig Security's innovative approach to real-time data detection and response. For investors, this acquisition signals a strong market appetite for specialized cybersecurity technologies that address the complexities of cloud data protection, indicating potential consolidation and growth opportunities within the sector.

Log in to access full profile ›

Company Intelligence Q&A

What was a significant corporate milestone for Dig Security?
In October 2023, Dig Security was acquired by Palo Alto Networks, marking a major exit for the company and a strategic expansion for Palo Alto Networks in the cloud data security space.
Which investors participated in Dig Security's February 2023 funding round?
In February 2023, Dig Security received a strategic investment from Samsung Venture Investment.
What was the outcome of Dig Security's September 2022 funding round?
In September 2022, Dig Security secured funding with participation from investors including SignalFire.
When did Dig Security emerge from stealth mode?
Dig Security emerged from stealth in May 2022, introducing its solution to help organizations secure data in public cloud environments.
Has Dig Security received any industry recognition for its platform?
In March 2023, Dig Data Security Platform won Gold for Data Cloud Security in the Globee Cybersecurity Awards, and in April 2023, it was recognized as a leading cloud data security and DSPM solution in Cyber Defense Magazine's Global InfoSec Awards.
Log in to access full profile ›

External links