Immuta Company Profile

Background

Overview

Immuta, Inc., founded in 2015, is a Boston-based company specializing in data security and governance. The company offers a cloud-native data governance platform that enables organizations to automate data access control, security, and privacy compliance. Immuta's mission is to facilitate the legal and ethical use of data, ensuring that businesses can leverage their data assets while adhering to global privacy regulations. The platform is utilized by various sectors, including finance, healthcare, and government agencies, to manage sensitive data securely.

Key Strategic Focus

Core Objectives and Specialization

Immuta focuses on providing automated data governance solutions that integrate seamlessly with existing enterprise applications. The platform offers features such as assigning access rights, implementing purpose-specific controls, and performing encryption or redaction on data to keep sensitive information secure. By leveraging these governance and security features, organizations can accelerate compliance with regulations such as GDPR. Immuta's platform is designed to work with various cloud computing services, including Databricks, Snowflake, Amazon, Google, and Starburst.

Financials and Funding

Funding History

Immuta has raised a total of $267.5 million over seven funding rounds. The most recent Series E round in June 2022 secured $100 million, led by NightDragon. Previous rounds include a Series D in May 2021, raising $90 million, and a Series C in June 2020, raising $40 million. Notable investors include Databricks Ventures, First In, Fundrise, NightDragon, and ServiceNow Ventures. The capital has been utilized for product development, expanding sales and marketing teams, and pursuing acquisitions to enhance product offerings.

Technological Platform and Innovation

Proprietary Technologies and Methodologies

Immuta's platform automates data access control, ensuring that users see only the data they are authorized to access based on their role or purpose. The platform integrates with existing architectures, whether cloud-based, on-premises, or hybrid, allowing for consistent and scalable policy enforcement. Key features include attribute-based access control, data discovery and classification, policy enforcement and auditing, and data masking and anonymization. These capabilities enable organizations to manage sensitive data securely and comply with global data privacy regulations.

Leadership Team

Executive Profiles

Matthew Carroll: Co-Founder and Chief Executive Officer. Carroll has a background in the U.S. Intelligence Community, where he worked on sensitive data governance issues.

Steven Touw: Co-Founder and Chief Technology Officer. Touw also has experience in the U.S. Intelligence Community, focusing on data management and security.

Michael Schiller: Co-Founder. Schiller's background includes work in data governance within the intelligence sector.

Gregor McCole: Chief Financial Officer. McCole oversees the company's financial strategy and operations.

Mary Byrne: Chief Operating Officer. Byrne is responsible for the company's operational strategies and execution.

Competitor Profile

Market Insights and Dynamics

The data governance and security market is experiencing significant growth, driven by increasing data privacy regulations and the need for secure data access. Organizations are seeking solutions that enable them to manage data access efficiently while ensuring compliance with regulations such as GDPR and CCPA.

Competitor Analysis

Immuta faces competition from several companies offering data governance and security solutions:

Egnyte: Provides a modern content platform that offers centralized control and protection over files, enabling secure data access and collaboration.

Twilio Segment: Offers a customer data platform that helps organizations access clean and reliable customer data for real-time decisions and personalized experiences.

Acronis Cyber Protect Cloud: Combines backup and AI-based anti-malware, antivirus, and endpoint protection management in one solution, providing comprehensive data security.

Databricks Data Intelligence Platform: Provides a unified analytics platform that integrates data engineering, science, and machine learning, facilitating data governance and security.

Strategic Collaborations and Partnerships

Key Partnerships

Immuta has established significant partnerships to enhance its platform capabilities:

Databricks: Provides data security and access controls to users of Databricks' Unity Catalog governance platform.

Okta: Partnered with Immuta to secure cloud analytics, integrating identity and access management with data governance.

Swedbank: Entered into a partnership to enhance data security and compliance within the banking sector.

Operational Insights

Strategic Considerations

Immuta's platform differentiates itself by offering automated, scalable, and no-code data governance solutions that integrate seamlessly with existing architectures. This approach allows organizations to manage data access efficiently, reduce complexity, and ensure compliance with global data privacy regulations. The company's focus on partnerships with leading technology providers further strengthens its market position and enhances its platform capabilities.

Strategic Opportunities and Future Directions

Future Roadmap

Immuta aims to continue expanding its platform capabilities through product development and strategic partnerships. The company plans to enhance its integrations with cloud data platforms, improve automation features, and support a broader range of data privacy regulations. Additionally, Immuta is focused on expanding its global presence and customer base, particularly in industries with stringent data security and compliance requirements.