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Symmetry Systems raised $15M in a Series A funding led by Prefix Capital and ForgePoint Capital to expand its hybrid-cloud data security capabilities.

Mar 29, 2024over 1 year ago

Amount Raised

$15 Million

Round Type

series a

San FranciscoSoftware

Investors

Sameer SaitDavid TsaoBob GleichaufOmkhar ArasarathnamTom GonserAccenture VenturesForge Point CapitalPrefix Capital

Description

Symmetry Systems announced a $15 million Series A funding round led by Prefix Capital and ForgePoint Capital to support the company’s rapid growth in revenue, customers, and employees. The funding will also help expand the company's DataGuard solution to provide unified visibility into data objects across all data stores in today’s hybrid cloud environment.

Company Information

Company

Symmetry Systems

Location

San Francisco, California, United States

About

“The platform not only grants deep visibility into the security posture of the data layer, it enables the management of the data permission structure to resolve gaps and identify lapses in access — allowing human analysts and leadership to focus on more pressing issues. The San Francisco-based startup employs a workforce of around 40 today, and expects to have 50 to 55 on the payroll by the end of the year.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech