Dig Security

Data Risk Detection and Response Solution

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

Company Overview

Snapshot

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

Business overview

Dig Security provides a data risk detection and response solution designed to discover and classify data assets across various cloud environments, including platform-as-a-service (PaaS), infrastructure-as-a-service (IaaS), and database-as-a-service (DBaaS). Its core technology offers a real-time data detection and response (DDR) system that delivers contextualized alerts and insights into data movement and usage within an organization. The solution is agentless and operates out-of-band, serving the cyber security sector with a focus on cloud data security and data protection for enterprise clients.

Strategic signal

The acquisition of Dig Security by Palo Alto Networks in October 2023 signals a strategic consolidation within the cybersecurity market, particularly in cloud data security. This move indicates a growing demand for integrated solutions that can provide comprehensive protection across diverse cloud infrastructures, validating Dig Security's agentless approach to real-time data detection and response. For investors, this highlights the value placed on specialized cloud security capabilities and the potential for exits through strategic acquisitions by larger cybersecurity players.

Company Intelligence Q&A

What was the most significant corporate development for Dig Security?
Dig Security was acquired by Palo Alto Networks in October 2023, leading to its inactive status.
When was Dig Security founded and by whom?
Dig Security was founded in September 2021 by Dan Benjamin, Gad Akuka, and Ido Azran.
Which investors participated in Dig Security's September 2022 funding round?
In September 2022, Dig Security raised a funding round led by SignalFire, with participation from.
Did Dig Security receive any strategic investments?
In February 2023, Dig Security secured a strategic investment from Samsung Venture Investment.
What was the total capital raised by Dig Security prior to its acquisition?
Dig Security raised a total of $45 million across three funding rounds before its acquisition by Palo Alto Networks in October 2023.

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