Satori raises $20m, plans market expansion and DataSecOps innovation
Satori has officially raised $20 million in Series A funding round, co-led by B Capital Group and Evolution Equity Partners, with participation from Satori's seed investor YL Ventures.
Satori is a DataSecOps platform that helps to democratise data and scale cloud data analytics, embedding security into data operations by providing security capabilities at the infrastructure level and removing friction for data consumers.
Satori's Universal Data Access Service provides visibility and a single control plane for real-time data access and usage oversight across modern data stacks.
According to the company, the new capital will fuel Satori's continued R-D innovation and go-to-market expansion.
In addition, the new funding round will enable the company to grow out its team with multiple sales, marketing and engineering hires.
Satori co-founder and CEO Eldad Chai says, "As enterprises look to move data and analytics to the cloud, they are facing critical challenges and slowdowns. Over 90% share that migration is going slower than it should, mainly due to concerns around security, compliance and technology maturity.
"Satori's platform is the only service able to seamlessly integrate diverse data tech stacks and streamline data access and security without code and without changes to the underlying data stores.
Mainak Mazumdar, chief data and research officer at The Nielsen Company, and a member of Satori's advisory board, commented on the market trends saying, "The old way of solving security by custom-building walls between users and data has resulted in a pervasive disconnect between vision and reality for scalable cloud data and analytics."
Highlighting the company's journey, Satori co-founder and CTO Yoav Cohen says, "We started Satori as we knew cloud data infrastructures would require a radical shift in security toward it being granular, universal and also non-intrusive.
"Having launched with multiple out-of-the-box integrations with the industry's leading cloud data stores, such as Snowflake, Amazon Redshift, Amazon Athena, Amazon Aurora, and Azure SQL, we empower data teams to roll out self-service access, row- and column-level security, and dynamic de-identification across data stores in minutes.
Key investors also commented on the announcement and market fit.
B Capital Group partner Karen Page says, "As enterprise data continues its mass migration to the cloud, the demand for streamlined, secure, and accessible operations is growing rapidly.
"Satori's agile, security-embedded approach across modern data stores is a game-changer for data accessibility and democratisation, and we couldn't be more excited about partnering with Eldad and his team."
Equity Partners partner Karthik Subramanian says, "We immediately recognised a market disruptor in Satori.
"The Satori team completely re-thought security for the modern data infrastructure and created an entirely new way to secure, manage, and operationalise data access in a frictionless manner.
YL Ventures partner Ofer Schreiber says, "Satori's innovative DataSecOps platform is changing the way organisations leverage data access controls.
"Its unique solution provides users with the visibility, security and compliance to universally manage data, with granular access in a holistic platform.
"We were not surprised to see the impressive rise in Satori's customer base over the past year, with customer adoption growing accordingly as a vote of confidence in Satori's value and performance.
Market recognition for Satori's DataSecOps approach has resulted in Satori recently announcing a partnership with Snowflake to enable DataSecOps for Snowflake's data cloud.
This collaboration has also led to the upcoming publication of Snowflake Security: Securing Your Snowflake Data Cloud - a guide developed alongside Snowflake, codifying DataSecOps best practices to enable data teams to secure their cloud environment.
