Polar Security

Data Security and Compliance Platform

Cyber Security
Acquired (Inactive) by IBM on May 2023 - ceased to operate

Company Overview

Snapshot

Founded in January 2021 by Guy Shanny and Roey Yaacovi, Polar Security grew to 11–50 employees. The company raised $8.5M 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 automated cloud data security and compliance platform. Its agentless Data Security Posture Management (DSPM) platform automatically discovers and classifies data stores, identifies sensitive data, tracks data movement, and detects vulnerabilities and compliance violations. The company's technology helps data security, compliance, and governance professionals manage cloud data, eliminate exposed data, and prevent data leakage across environments, serving enterprise customers within the Cyber Security sector.

Strategic signal

In May 2023, Polar Security was acquired by IBM, marking a significant exit for the young company. This acquisition by a major technology corporation like IBM validates Polar Security's innovative approach to cloud data security and compliance, signaling strong market demand for automated DSPM solutions and a successful strategic outcome for its investors.

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 data stores, identify sensitive data, and detect vulnerabilities.
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 status as an inactive entity.
How much capital did Polar Security raise?
Polar Security raised $8.5 million in a Seed round in January 2022.
Which investors participated in Polar Security's funding round?
In January 2022, Polar Security secured funding from Glilot Capital Partners and Jim Reavis.

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