202405 Mar

DTEX Systems Completes $50M Series E Round

Summary

SAN JOSE, CA, DTEX Systems, the global leader for insider risk management, today announced that it closed $50 million in Series E funding. CapitalG, the independent growth fund of Googles parent company Alphabet, led the new investment round, bringing DTEX Systems total funding raised to $138M. The funding will be used to expand the companys U.S. engineering team and grow its go-to-market (GTM) operations globally, accelerating its mission to proactively protect global organizations from insider threats. Its InTERCEPT™ platform consolidates the essential elements of data loss prevention, user behavior analytics, and user activity monitoring in a single light-weight platform to detect and mitigate insider risks well before data loss occurs. Combining AI/ML with behavioral indicators, DTEX enables proactive insider risk management at scale without sacrificing employee privacy or network performance.

Source: Vcnewsdaily

Funding

$50M
Amount
Mar 05 2024
Date
-
Investor
DTEX Systems
Company

Classifications

Companies