Data Access Control Firm Immuta Raises $90 Million in Series D Funding
Cloud data access control solutions provider Immuta this week announced raising $90 million in Series D funding, which brings the total capital invested in the company to $169 million.
Founded in 2015, the Boston-based company offers a platform that data engineers and DataOps teams can use to automate data governance, security, access control and privacy protection.
The new funding, Immuta says, will help it capture rising demand for access control, as cloud data sets are becoming distributed across multiple platforms. The company plans to invest in product research and development, while also looking to expand its sales and marketing capacity.
The Series D funding round saw participation from new investors Greenspring Associates (which led the round), March Capital, NGP Capital, and Wipro Ventures, and existing investors Citi Ventures, Dell Technologies Capital, DFJ Growth, Intel Capital, Okta Ventures, and Ten Eleven Ventures.
“We’ve entered a new era in data and analytics fueled by ubiquitous cloud storage, new cloud data management tools, and the rise of DataOps. Traditional methods of data access control don’t work, don’t scale across cloud compute platforms, and can limit data utility. Immuta’s platform solves this problem elegantly without requiring data to be moved, copied, or manually provisioned,” Immuta’s CEO Matthew Carroll said.