Protecting data at rest, in transit, and under query, Sotero nabs $8M
Summary
Consequently, companies are facing a stiff challenge as they push to advance their businesses with the best data-security practices.Hybrid work and digital business processes in the cloud have introduced new risks, as sophisticated ransomware models continue to expose customer data. She also said Sotero uses proprietary machine learning (ML) models to identify anomalous access attempts. The solution also offers real-time threat detection and automated quarantine of malicious access at the data level, along with centralized encryption.Das noted in a press release that this additional capital will enable Sotero to accelerate its footprint in the U.S. market. The funding round was led by Israels OurCrowd with participation from existing investors Gutbrain Ventures, PBJ Capital, and Boston Seed Capital.Today, with Sotero, customers are securing structured and semi-structured data. With this funding round, we will invest resources into technology development to expand that security to unstructured data, which more than 90% of the market is struggling to protect today, he said.Soteros service pricing is consumption-based and there is a free trial available for new users.