Funds and Launch for Data Access Specialist Dymium

In California, secure data access management company Dymium has emerged from stealth with $7m in funding, to be used to advance product development and expand the company's sales and marketing teams.

The round was led by Two Bear Capital ($5m), whose founder and Managing Partner Mike Goguen joins Dymium's board. Angle investors chipped in with the other $2m and a number of them join as advisors.

Dymium's software combines a zero trust architecture, centralized access policies, and AI and machine learning, allowing companies to give appropriate users access to data where it sits already - without moving or copying it - avoiding security risks and added complexity. The firm says the average company currently has 24.8 million sensitive data files, and 61% of organizations store that sensitive data in multiple locations across the cloud, on-premises and in SaaS platforms.

The firm was co-founded by CEO and former Zscaler zero trust technology expert Denzil Wessels; VP of Engineering Igor Plotnikov, described as 'the father of SSL VPN'; and CTO Valentyn Kamyshenko with whom Plotnikov built the SSL VPN solutions at F5 Networks and Cisco Systems. Dymium is currently expanding into sectors including healthcare, finance, defense and intelligence.

Web site: www.dymium.io .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.