The company was previously valued at $415M in March 2021. Here are the top-line bullets you need to know.
Immuta, a cloud data access control service, has raised $100M in a Series E. The round drew participation from Dell Technologies Capital, NightDragon, Intel Capital, Snowflake Ventures, and Wipro Ventures, among others.
HOW’S THE COMPANY PERFORMING?
- Massachusetts-based Immuta allows data teams to control access to all cloud data sets from a single platform.
- Immuta’s commercial annual recurring revenue (ARR) increased by over 100% in 2021.
- The company’s customer base, which includes the Mercedes Benz Group, Roche, the US Army, and IAG, doubled last year.
- It also furthered its expansion into EMEA and APJ in 2021.
- The company has partnered with companies like Amazon, Snowflake, Google, Databricks, Azure, and Starburst.
- The startup is supported by a team of 250+ employees and maintains offices in the US and England.
Source: Immuta
WHY DOES THE MARKET MATTER?
- The global cloud security market is expected to reach $77.5B by 2026, growing at a CAGR of 13.7%, according to Markets and Markets.
- The increased adoption of cloud computing as well as the rise of more sophisticated cyberattacks have contributed to market growth.
- The acceleration of digital transformation initiatives amid the pandemic drove up cloud computing adoption, which has increased the demand for cloud security solutions.
