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. Polar Security was acquired by IBM in May 2023.
Business overview
Polar Security specialized in automating cloud data security and compliance, focusing on where sensitive data is located. Its agentless Data Security Posture Management (DSPM) platform automatically located data stores, identified sensitive data within them, and tracked data movement to detect vulnerabilities and compliance violations. The company's platform enabled data security, compliance, and governance professionals to discover and classify data, eliminate exposed data, and prevent data leakage between environments. Polar Security operated within the Cyber Security sector, with a focus on Data Security, and served enterprise clients.
Strategic signal
The acquisition of Polar Security by IBM in May 2023 signals a strategic move by a major technology corporation to enhance its cloud data security offerings. This event highlights the increasing importance of robust data security posture management solutions in the enterprise market and validates Polar Security's technology and approach in addressing complex cloud data challenges. For investors, it underscores the value placed on innovative cybersecurity solutions that can be integrated into broader enterprise security portfolios.
Log in to access full profile ›Company Intelligence Q&A
- When was Polar Security founded?
- Polar Security was founded in January 2021.
- Who were the founders of Polar Security?
- Polar Security was founded by Guy Shanny and Roey Yaacovi.
- What was the total capital raised by Polar Security?
- Polar Security raised a total of $8.5 million across one funding round.
- When was Polar Security acquired and by whom?
- Polar Security was acquired by IBM in May 2023.
- Which investor participated in Polar Security's funding round?
- In January 2022, Glilot Capital Partners led a funding round for Polar Security.