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

Business overview

Polar Security specializes in automating cloud data security and compliance, focusing on the location and movement of sensitive data. Its agentless data security posture management (DSPM) platform automatically identifies data stores, classifies sensitive information, and tracks data movement to detect vulnerabilities and compliance violations. The company's solutions enable data security, compliance, and governance professionals to manage exposed data and prevent leakage across cloud environments, serving the enterprise market within the Cyber Security sector.

Strategic signal

In May 2023, Polar Security was acquired by IBM, marking a significant exit for the startup and a strategic move for IBM to enhance its cybersecurity offerings. This acquisition highlights the increasing demand for advanced cloud data security and compliance solutions, validating Polar Security's technology and market approach. For investors, this signals a strong potential for M&A activity in the cloud security space, particularly for companies addressing critical data vulnerability and compliance challenges.

Company Intelligence Q&A

What is Polar Security's primary focus?

Polar Security specializes in automating cloud data security and compliance, ensuring sensitive data is protected wherever it resides and moves within cloud environments.

When was Polar Security founded and by whom?

Polar Security was founded in January 2021 by co-founders 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 its cessation of operations.

How much capital did Polar Security raise?

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

Which investors participated in Polar Security's funding round?

In January 2022, Polar Security secured funding from investors including.