Polar Security
Data Security and Compliance Platform
Company Overview
Snapshot
Founded in January 2021 by Guy Shanny and Roey Yaacovi, Polar Security operated with 11–50 employees. The company raised $8.5 million across one funding round from 3 investors, with Glilot Capital Partners identified as a lead investor. Polar Security was acquired by IBM in May 2023.
Business overview
Polar Security specializes in automating cloud data security and compliance, focusing on sensitive data across various locations. Its agentless Data Security Posture Management (DSPM) platform automatically identifies data stores, classifies sensitive data, tracks data movement, and detects vulnerabilities and compliance violations. The platform enables data security, compliance, and governance professionals to discover and classify data, eliminate exposed data, and prevent data leakage between environments, serving the Cyber Security sector.
Strategic signal
In May 2023, Polar Security was acquired by IBM, marking a significant exit for the startup. This acquisition by a major technology corporation like IBM validates Polar Security's innovative approach to cloud data security and compliance, indicating a strong market demand for advanced DSPM solutions and potentially integrating its technology into broader enterprise security offerings.
Log in to access full profile ›Company Intelligence Q&A
- When was Polar Security founded?
- Polar Security was founded in January 2021 by Guy Shanny and Roey Yaacovi.
- What was a significant corporate milestone for Polar Security?
- In May 2023, Polar Security was acquired by IBM, leading to the cessation of its independent operations.
- What was Polar Security's total capital raised?
- Polar Security raised a total of $8.5 million across one funding round.
- Which investors participated in Polar Security's funding round?
- In January 2022, Polar Security secured funding from Glilot Capital Partners and Jim Reavis.
- What is Polar Security's primary focus?
- Polar Security specializes in automating cloud data security and compliance, particularly for sensitive data, using its agentless Data Security Posture Management (DSPM) platform.