# Polyrize Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/polyrize-security

- Industry: IT Security/Cybersecurity
- Headquarters: New York, US
- Website: https://www.varonis.com/
- Total disclosed funding: $4M
- Latest round: Seed (Jul 2, 2019)
- Investors on record: 2

## About

Polyrize Security Ltd specializes in data security solutions that safeguard sensitive information, enabling organizations to enhance their security posture and compliance across various environments.Founded in 2018, Polyrize Security Ltd is based in New York, US. The company was acquired by Varonis Systems, Inc. in October 2020. Aviv Gabay, the founder, has a history of establishing technology firms, contributing to the company’s innovative approach to data security. The most recent funding round was a Seed round led by Glilot Capital Partners, raising USD 4.00 mn, bringing the total amount raised to USD 4.00 mn over 2 deals.Varonis provides a comprehensive suite of data security solutions designed to protect sensitive information across various environments. Their core offerings include Data Discovery and Classification, Database Activity Monitoring (DAM), Data-Centric User and Entity Behavior Analytics (UEBA), and Data Loss Prevention (DLP). These tools enable organizations to accurately identify, classify, and label sensitive data, monitor database activity with minimal overhead, and detect and respond to potential insider threats and data breaches. Varonis's solutions cater to a diverse client base, including industries such as finance, healthcare, and government, with specific applications for organizations utilizing Microsoft 365, AWS, and Google Cloud services. Their products are marketed globally, serving customers from North America, Europe, and Asia-Pacific regions, focusing on enhancing data security and compliance across various sectors.Varonis operates primarily on a subscription-based revenue model. Their transactions typically involve annual or multi-year contracts for access to their data security platform, which includes various modules such as Database Activity Monitoring and Managed Data Detection and Response (MDDR). Clients are often organizations seeking to improve their data governance and security posture, benefiting from tailored pricing plans based on the specific components of the Varonis platform they select. The company positions its solutions to reinforce compliance with regulations like GDPR, HIPAA, and PCI-DSS, thereby appealing to organizations that require stringent data protection measures. The structured pricing reflects the value of their flagship products, designed to provide proactive security against data breaches and insider threats while offering continuous monitoring and reporting capabilities.Following its acquisition by Varonis Systems, Inc. in October 2020, Polyrize Security Ltd aims to leverage its resources for the development of new products and services. The company plans to expand into new markets, targeting specific regions in Europe and Asia-Pacific by 2023. Recent funding from the Seed round will be allocated towards enhancing product development and market entry strategies, positioned to capitalize on the growing demand for data security solutions.

## Funding rounds

- Seed, Jul 2, 2019, $4M — Glilot Capital Partners, Saban Ventures

## Investors

- Glilot Capital Partners (https://capitalatlas.ai/funds/glilot-capital-partners) — Seed
- Saban Ventures (https://capitalatlas.ai/funds/saban-ventures) — Seed