Highlights –

  • The firm allows security teams to mitigate data loss risk and theft in multi-cloud environments by taking control of an organization’s entire cloud data security posture and compliance.
  • The platform provides a seamless discovery and classification mechanism and a unified policy engine that integrates with all of the cloud platforms and processes.

Eureka, an Israeli company offering security across cloud data stores, announced USD8 million in seed funding. This round of funding was led by YL Ventures. Other renowned security executives and serial entrepreneurs, too, participated. The company intends to use the funds to expand operations and development efforts.

Eureka allows security teams to mitigate data loss risk and theft in multi-cloud environments. It does so by taking control over an organization’s entire cloud data security posture and compliance. Organizations benefit from quick migration to the cloud, but security teams strive to keep up with the pace of data proliferation. Growing data centers seem to offer great opportunities for enterprises, but they can become an attractive target for hackers who aim to hack or exploit data.

Eureka aims to address this growing challenge without impeding the productivity driving the cloud data expansion, with the power of automation. The platform provides a seamless discovery and classification mechanism and a unified policy engine that integrates with all cloud platforms and processes that organizations use today. It enables datastore inventory and contextualization, policy definition and deployment, and risk monitoring and management.

Eureka focuses on providing higher security compared to point solutions and native tools. It aims to do so by providing comprehensive and real-time views of data stores and associated risks.

Expert view

“Existing solutions involve manual processes and point products that don’t scale to the speed or volume at which these data stores are created and used,” said Liat Hayun, Co-founder and CEO at Eureka. “And, while most controls might exist natively, organizations are still struggling to use them effectively across their entire data store footprint.”

John Brennan, Partner at YL Ventures, added: “Eureka’s solution will massively impact the way businesses grow through their data. By offering security leaders the operational powers they require without causing friction to business interests, Liat and Asaf are ushering in an entirely new kind of digital transformation in the coming years. They’re enabling companies to leverage any cloud data store they wish while ensuring that security teams maintain full visibility and understanding into the organization’s entire cloud footprint, and can easily evolve and manage policy whenever needed.”

“Protecting data in legacy on-premise environments was challenging enough for most enterprises. The cloud revolution brings new opportunities to leverage data at scale—and makes it even more urgent to find scalable approaches to cloud data security,” explained Andy Ellis, Former CSO of Akamai Technologies and one of Eureka’s investors.