Dig Security

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 (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 monitor data movement and usage within an organization. The company's agentless, out-of-band solution serves the cyber security sector, focusing on cloud data security for enterprises, IT, data centers, and financial institutions.

Strategic signal

In October 2023, Dig Security was acquired by Palo Alto Networks, confirming earlier reports of advanced negotiations. This acquisition signals a strategic move by Palo Alto Networks to enhance its cloud security offerings with Dig Security's real-time data detection and response capabilities, indicating a consolidation trend in the cloud data security market and validating Dig Security's technology as a critical component for enterprise data protection.

Company Intelligence Q&A

What was the most significant recent corporate development for Dig Security?

In October 2023, Dig Security was acquired by Palo Alto Networks. This marked a significant exit for the company, integrating its data risk detection and response capabilities into a larger cybersecurity portfolio.

When did Dig Security last raise funding?

In February 2023, Dig Security secured a strategic investment from Samsung Venture Investment. This funding round contributed to the company's total capital raised of $45 million.

When did Dig Security emerge from stealth mode?

Dig Security emerged from stealth in May 2022, simultaneously announcing a seed funding round led by Team8, with participation from CyberArk Ventures.

Has Dig Security received any industry recognition for its platform?

In March 2023, the Dig Data Security Platform won Gold for Data Cloud Security in the Globee Cybersecurity Awards, recognizing its innovative approach to cloud data security.