Digital Guardian, a Waltham, MA-based data protection platform purpose built to stop data theft, secured $66m in financing. Backers included previous investors GE Pension Trust (advised by GE Asset Management), Fairhaven Capital Partners, Loring Wolcott & Coolidge, Special Situation Funds and Brookline Venture Partners and new investors LLR Partners, Mass Mutual Ventures LLC, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company (MassMutual), and the Venture Capital Unit of Siemens Financial Services. In conjunction with the funding, David Stienes, partner at LLR Partners, will join the company’s Board of Directors.
When it comes to protecting sensitive data, each industry has unique requirements. Whether compliance or use case driven, Digital Guardian has the experience to address your industry’s data protection needs. Companies today are increasingly reliant on web-based, cloud-based, and third-party applications. These developments have blurred traditional organizational and network boundaries. It’s tougher than ever to monitor and control the ever-growing range of data security threats without interfering with your business activities.
Digital Guardian automatically blocks and controls only those application behaviors and actions that pose a threat to your organization based on user, event, and data access type. This unique noninvasive, context-aware approach minimizes security risk without slowing the pace of your business. With Digital Guardian’s black-, grey- and white-listing capabilities, you can quickly see which applications to trust and which ones to stop. As a result, you eliminate risks caused by malicious, illegal, and unauthorized software and network access.