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 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 real-time data 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 technology offers contextualized real-time alerting to monitor data movement and usage within an organization. The solution is agentless and operates out-of-band, serving the Cyber Security sector by focusing on cloud data security for enterprises.

Strategic signal

In October 2023, Dig Security was acquired by Palo Alto Networks, a significant development that validates its technology and market position in cloud data security. This acquisition indicates a strategic move by a major cybersecurity player to integrate Dig Security's real-time data detection and response capabilities, signaling increased consolidation and demand for advanced data security solutions in the 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, marking a major exit for the company and integrating its data security capabilities into a larger cybersecurity portfolio.
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 received funding from investors including lead investor SignalFire.
Did Dig Security receive any strategic investments?
In February 2023, Dig Security secured a strategic investment from Samsung Venture Investment.
When did Dig Security emerge from stealth mode?
Dig Security emerged from stealth in May 2022, focusing on helping organizations secure their data in public clouds.
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