Polar Security

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. In May 2023, Polar Security was acquired by IBM.

Business overview

Polar Security specializes in providing an agentless data security posture management (DSPM) platform designed to automate cloud data security and compliance. The platform helps discover and classify sensitive data, identify and eliminate exposed data, and prevent data leakage across various cloud environments. It serves data security, compliance, and governance professionals by addressing fundamental questions about cloud data, operating within the Cyber Security sector, with a focus on Data Security, Platforms & Interfaces, and Software for Enterprise & Professional Services.

Strategic signal

In May 2023, Polar Security was acquired by IBM, marking a significant strategic 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 suggesting a strategic integration of its technology into a broader enterprise security portfolio.

Company Intelligence Q&A

When was Polar Security founded?

Polar Security was founded in January 2021.

Who are the founders of Polar Security?

The co-founders of Polar Security are Guy Shanny and Roey Yaacovi.

What was the last significant corporate event for Polar Security?

In May 2023, Polar Security was acquired by IBM and subsequently ceased to operate.

How much capital did Polar Security raise?

In January 2022, Polar Security raised $8.5 million in a Seed round from investors including.

Which investors participated in Polar Security's funding round?

In January 2022, Polar Security raised funding from Glilot Capital Partners and Jim Reavis.