Symmetry Systems, a prominent data security firm, has successfully secured $17.7 million in an insider funding round, elevating its total funding to a remarkable sum exceeding $35 million. This substantial investment will serve as a catalyst for the expansion of Symmetry Systems’ AI-powered Data Security Posture Management (DSPM) platform.
The DSPM platform, a flagship product of Symmetry Systems, empowers organizations to meticulously monitor sensitive data, minimize the vulnerability to data exposure, facilitate stringent security and privacy compliance audits, tackle insider threats, and address risks arising from third-party entities.
Moreover, the platform facilitates the implementation of a cutting-edge zero trust data security framework.
With a keen focus on leveraging artificial intelligence (AI), Symmetry Systems is in the process of developing a user-friendly natural language interface based on LLM (Large Language Models). This innovative interface aims to bridge the knowledge gap by enabling non-technical users to comprehend data-related risks and gain insights into effective risk mitigation strategies.
The recent funding round attracted significant participation from notable investment entities, including ForgePoint Capital, Prefix Capital, W11 Capital Management, and TSG (The Syndicate Group).
As the company moves forward, Symmetry Systems intends to further differentiate itself in the data access governance sphere with its advanced capability to analyze data objects and identities that conventional solutions may overlook. This unique feature empowers security teams to accurately assess data risks within their operational environment, as highlighted by Katherine Walther, VP of innovation at Trace3.
