Six months after seed round, Dig Security raises $34m

• Published date: 14 September 2022
• Publication title: Globes (Rishon LeZion, Israel)

Israeli startup Dig Security, which was founded last year, is developing a solution for real-time identification of and response to data breaches from cloud platforms

Today, Dig Security announced that it had raised $34 million in an A round led by US fund SignalFire, with participation from Felicis Ventures, Okta Ventures, and Team8, which led the company's seed round, reported in March.

Altogether, Dig Security has raised $45 million to date. Other investors in the company, that did not participate in the current round, are CrowdStrike, CyberArk, and Merlin Ventures.

Dig is an acronym of the initial letters of the names of the company's three founders Dan Benjamin (CEO), Ido Azran (VP R&D), and Gad Akuka (CTO). Dig Security employs 40 people. 35 of them in Israel.

Benjamin says that the big cloud providers, Microsoft, Google, and Amazon, offer solutions to protect against data breaches, but they support only their own platforms, and do not suit all existing types of databases. Dig Security, by contrast, connects to all the public clouds, identifies all of the organization's data that exists on them, examines whether these data are protected in accordance with regulatory requirements, and can identify unusual activity and stop it in real time. Unusual activity could be from an external...