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 automating cloud data security and compliance, focusing on data security posture management (DSPM). Its agentless platform automatically locates and classifies data stores, identifies sensitive data, tracks data movement, and detects vulnerabilities and compliance violations. The company serves data security, compliance, and governance professionals, operating within the Cyber Security sector, with a focus on Data Security, Platforms & Interfaces, and Software technologies for enterprise customers.

Strategic signal

In May 2023, IBM acquired Polar Security, leading to the cessation of its operations. This acquisition signals IBM's strategic move to enhance its cloud data security capabilities by integrating Polar Security's DSPM technology, indicating a consolidation trend in the cybersecurity market and a demand for automated data protection solutions within larger enterprise offerings.

Company Intelligence Q&A

What is Polar Security's primary focus?

Polar Security specializes in automating cloud data security and compliance, utilizing an agentless data security posture management (DSPM) platform to locate, classify, and monitor sensitive data in the cloud.

When was Polar Security founded?

Polar Security was founded in January 2021.

Who are the founders of Polar Security?

The company was co-founded by Guy Shanny and Roey Yaacovi.

What was a significant corporate milestone for Polar Security?

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

What was Polar Security's last disclosed funding round?

In January 2022, Polar Security raised $8.5 million in a Seed round, with.