Data security platform Flow Security has launched its new platform and announced it raised $10 million in seed funding. The round was led by Amiti, with participation from GFC, Amdocs Ventures, CyberArk CEO Udi Mokady and Demisto CEO and co-founder Slavik Markovich.
Flow Security’s platform was designed for organizations in industries like e-commerce, fintech and healthcare that need to secure sensitive data, including personal identifying information, protected health information, financial information and intellectual property.
“Data security is not a new problem, but the challenges are changing and growing,” Jonathan Roizin, co-founder and CEO of Flow Security, said in a news release. “Organizations are moving at a record pace and quickly transitioning to the cloud and cloud-first applications. These transformations often make life easier, but they also make the jobs of security professionals even more difficult. With Flow, security teams are no longer forced to chase down information. It simplifies security and regulatory processes and bridges the gap between security and development teams.”
The new platform supports use cases including discovering and classifying data flows to external services, policy enforcement, automatic data-related threat modeling and reducing data access permissions.