Immuta
| Private | |
| ISIN | 🆔 |
| Industry |
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| Founded 📆 | |
| Founder 👔 |
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Area served 🗺️ | |
| Products 📟 | Immuta Data Access Platform |
| Members | |
Number of employees | 325 |
| 🌐 Website | immuta |
| 📇 Address | |
| 📞 telephone | |
Immuta is an American software company that provides businesses, governmental agencies, and health care organizations with data security and access control technology.[1][2][3][4] The company was co-founded by Matt Carroll, Steven Touw, and Mike Schiller in 2015.[1][4]
Immuta is headquartered in Boston, Massachusetts, and has locations in College Park, Maryland; Columbus, Ohio; and London, England.[1][5]
History
Matt Carroll, Immuta’s CEO and co-founder, began his career as a U.S. Army intelligence officer. While stationed in Baghdad, Iraq, he witnessed the Army’s rapid adoption of new technologies, like Android phones and unmanned aerial vehicles, that produced large quantities of data. However, regulations made it difficult to access and analyze that data and produce insights to guide effective military decision-making. Witnessing this challenge led Carroll to develop an interest in building analytics in regulated environments such as government, healthcare, financial services, and insurance.[1]
Following his military experience, Carroll worked at the consulting group CSC, which acquired his former employer, 42six Solutions. At CSC, he led data fusion and analytics programs and advised the U.S. government on data management and analytics issues. During this time, Carroll learned that proper data access controls could help organizations maximize the utility of their data.[4]
In 2015, Carroll co-founded Immuta.[1][4] In an interview with SC Media during the 2022 RSA Conference in San Francisco, Carroll said Immuta solves the question: “How do we get more users — or any user — on any data, if they need it, and so long as they have the right? That’s really what created our company."[6]
Immuta announced a $100 Million Series E funding round on June 8, 2022, led by NightDragon, a growth-stage investment company, which led to Immuta reaching a $1 billion valuation.[7][8] NightDragon Founder and Managing Director Dave Dewalt said Immuta met criteria for investment that included an examination of the quality of the team, its technology, and the size of its total addressable market.[6]
Funding
Between July 16, 2015, and June 8, 2022, Immuta raised 7 funding rounds worth $258.2 million.[9] The Series E round was led by NightDragon, with participation from existing investors Snowflake, Dell Technologies Capital, DFJ Growth, IAG, Intel Capital, March Capital, StepStone, Ten Eleven Ventures, and Wipro Ventures. Immuta CEO Matt Carroll said the funding would be used to increase strategic mergers and acquisitions, develop new product capabilities, deepen partnerships with leading cloud players, and streamline global deployment and support.[8]
| Announced Date | Transaction Name | Number of Investors | Amount Raised | Lead Investor |
|---|---|---|---|---|
| June 8, 2022 | Series E[10] | 10 | $100M | NightDragon |
| May 20, 2021 | Series D[11] | 10 | $90M | Greenspring[12] |
| June 23, 2020 | Series C[13] | 8 | $40M | Intel Capital |
| June 1, 2018 | Series B[14] | 6 | $20M | DFJ Growth |
| July 1, 2017 | Series A[15] | 4 | $8M | Drive Capital |
Products
Immuta offers the Immuta Data Access Platform, which provides enterprises with a universal dashboard to enforce policies and control data access,[9] helping organizations locate sensitive data, monitor who accesses it, and enforce data policies to promote security.[16]
Immuta's technology has four primary capabilities, including discovery and classification; policy enforcement and auditing; masking and anonymization; and attribute-based access control (ABAC)[17], an evolution of role-based access control (RBAC).[18][19]
Partners
The Immuta Data Access Platform is designed to integrate into client organizations’ existing data platform architectures to enable scalable policy enforcement.[8]
Current data platform partners[8] include:
- Databricks
- Snowflake
- Microsoft Azure
- Amazon Redshift
- Google BigQuery
- Starburst
Customers
Immuta serves customers across financial services, healthcare, technology, government, and manufacturing.[9]
Current customers[9] include:
- IAG
- U.S. Army
- Mercedes-Benz
- Roche
References
- ↑ 1.0 1.1 1.2 1.3 1.4 Rogers, Bruce. "Matthew Carroll Creates Immuta To Provide Secure Data Access Control". Forbes. Retrieved 2022-07-11.
- ↑ Gardizy, Anissa (June 9, 2022). "Software firm Immuta raises $100 million, becoming Boston's newest unicorn". Boston Globe. Retrieved 2022-07-11.
- ↑ Maffei, Lucia (2022-06-08). "New unicorn company to 'get aggressive' on M&A deals with $100M". www.bizjournals.com. Retrieved 2022-07-11. Unknown parameter
|url-status=ignored (help) - ↑ 4.0 4.1 4.2 4.3 "Data governance startup Immuta lands $100M to pursue acquisitions". TechCrunch. Retrieved 2022-07-11.
- ↑ Robertson, Darcy (2022-08-16). "Up-and-coming US data specialist opens European headquarters in London". UK Daily News. Retrieved 2022-09-08.
- ↑ 6.0 6.1 Staff, S. C. "Dissecting the Journey From Startup to Cyber Giant – Dave Dewalt, Matthew Carroll – RSA22 #3". www.scmagazine.com. Retrieved 2022-07-07.
- ↑ "Immuta scoops up $100M for its data-level security technology". SiliconANGLE. 2022-06-08. Retrieved 2022-07-11.
- ↑ 8.0 8.1 8.2 8.3 Hampton, Jaime (2022-06-10). "Immuta Raises $100M Series E as the Latest Data Access Unicorn". Datanami. Retrieved 2022-07-11.
- ↑ 9.0 9.1 9.2 9.3 "Immuta nabs $100M to accelerate data access for enterprise users". VentureBeat. 2022-06-08. Retrieved 2022-07-11.
- ↑ "Immuta nabs $100M in Series E funding | PitchBook". pitchbook.com. Retrieved 2022-08-17.
- ↑ "Immuta raises $90 million in Series D funding". SaaS Industry. 2021-05-22. Retrieved 2022-08-17.
- ↑ "Cloud governance and compliance startup Immuta raises $90M". VentureBeat. 2021-05-20. Retrieved 2022-07-11.
- ↑ "Intel Capital leads $40M investment in data privacy startup Immuta". Fortune. Retrieved 2022-08-17.
- ↑ FinSMEs (2018-06-20). "Immuta Raises $20M in Series B Funding". FinSMEs. Retrieved 2022-08-17.
- ↑ Eichensehr, Morgan (June 20, 2018). "College Park data tech firm raises $20 million in Series B funding round". www.bizjournals.com. Retrieved 2022-08-17.
- ↑ O'Brien, Teryn (2022-06-21). "Data is the security flaw, says Immuta's CEO; company moves to fill gap". SiliconANGLE. Retrieved 2022-09-08.
- ↑ "Cloud Data Access Firm Immuta Raises $100 Million | SecurityWeek.Com". www.securityweek.com. Retrieved 2022-08-01.
- ↑ "Immuta and Databricks address the management challenges associated with data policies". Help Net Security. 2022-06-29. Retrieved 2022-07-11.
- ↑ Blanchard, Sydney (2022-08-08). "RBAC vs. ABAC Models in the Issue of Data Access Control and Data Privacy". Database Trends and Applications. Retrieved 2022-09-08.
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