Also taking part in the round were Snowflake Ventures, Dell Technologies Capital, DFJ Growth, IAG, Intel Capital, Match Capital, Ten Eleven Ventures, Wipro Ventures and StepStone. To date, the company has raised a total of $267m since inception.
Immuta claims it enables organisations to discover, protect and monitor sensitive data so that users can access it – as long as they have the rights. The company offers customers the ability to secure their data in the cloud at a more granular level and easily enforce data security policies.
Immuta recently expanded into the Australian and New Zealand markets as well as the addition of new customers and new hires in the region. The company also expanded its partner network of top cloud data platforms with integrations to include companies like Amazon, Google and Azure.
The company recorded strong growth in 2021, which including boosting commercial annual recurring revenue by more than 100%, doubling its customer base and continuing its global expansion into EMEA and APJ.
Immuta claims it will use the investment to speed up product innovation, expand sales, marketing and customer success teams to meet growing global demand and deepen strategic partnerships within the cloud data ecosystem.
Immuta CEO Matthew Carroll said, “There is a major shift in the modern data stack as organizations scale to derive value from their data more quickly, while also protecting their data assets and adhering to privacy regulations. We’ve entered the next wave of the cloud data evolution where automation and security are essential to meeting modern cloud and data demands. This new funding will help propel Immuta into our next phase of growth as we continue to revolutionize cloud data access and data security.”
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