Databricks Ventures Invests in Data Security Leader Immuta

[PRESSWIRE] Boston – May 4, 2023 – Immuta, a leader in information security, today revealed a brand-new tactical financial investment from Databricks Ventures, the financial investment arm of the information and AI business and leader of the lakehouse. The financial investment constructs on a longstanding collaboration in between the 2 business and positions Immuta as one of Databricks’ relied on partners of option for information security and gain access to control. The financial investment will go towards item development to enhance the combination in between both platforms and brand-new go-to-market efforts to increase business adoption. “Immuta is a relied on information security partner,” stated Ali Ghodsi, CEO and Co-founder of Databricks. “Over the last 6 years, we’ve been effectively teaming up to serve international business clients like ADP, Swedbank, and numerous others. By incorporating straight with Databricks Unity Catalog, Immuta supplies a smooth method for our joint clients to safeguard their information in the Databricks Lakehouse.” “Through our joint collaboration with Databricks, Immuta is now embedded in a few of the biggest and most complicated cloud information jobs throughout markets,” stated Matt Carroll, CEO of Immuta. “With this brand-new financial investment, we’re going to make our tight combination with Databricks Unity Catalog even much better so that our clients can take information security to a brand-new level and continue to open more worth from their information.” This financial investment follows a year of tremendous development for Immuta throughout which the business reported a 200% boost in Annual Recurring Revenue (ARR) for its Data Security Platform SaaS offering as it broadened internationally into EMEA and APAC. This strong and constant development has actually been sustained by a similarly strong performance history of financing that consists of financial investments from ServiceNow and NightDragon to support the growing need for information security from consumers around the world. “As a business with over a million customers doing payroll for countless individuals, ADP processes a big quantity of information,” stated Jack Berkowitz, Chief Data Officer at ADP. “Databricks assists us to handle that information and Immuta plays a crucial function in administering security and gain access to control. As we want to innovate with brand-new items and execute a multi-cloud method,
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