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 $45M 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 (DDR) 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). The company's core technology offers real-time contextualized alerting, providing insights into data movement and usage within an organization. Dig Security's agentless and out-of-band solution serves the cyber security sector, focusing on data protection and cloud security for enterprises.

Strategic signal

In October 2023, Palo Alto Networks confirmed its acquisition of Dig Security. This strategic move highlights the increasing demand for advanced cloud data security solutions and validates Dig Security's innovative approach to real-time data detection and response. The acquisition signals a consolidation trend in the cybersecurity market, with larger players integrating specialized technologies to enhance their offerings and address evolving data security challenges.

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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.
When did Dig Security receive a strategic investment from Samsung Ventures?
In February 2023, Dig Security secured a strategic investment from Samsung Venture Investment.
Which investors participated in Dig Security's September 2022 funding round?
In September 2022, Dig Security raised funding with participation from SignalFire.
When did Dig Security emerge from stealth mode?
Dig Security emerged from stealth mode in May 2022, announcing its solution for securing data in public clouds.
What award did Dig Security receive in March 2023?
In March 2023, Dig Security's Data Security Platform won Gold for Data Cloud Security in the 2023 Globee Cybersecurity Awards.
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