Tl;DR: We’ve raised a $20m Series A to help more companies protect sensitive data in SaaS applications. We’re using the funding to accelerate our product plans and expand to the US 🇺🇸.
SaaS applications are transforming the way companies operate. They’re allowing employees to collaborate with colleagues, customers, vendors, and many other parties more easily than ever before. But change brings challenges. For the move to SaaS, it’s the proliferation of sensitive data moving into new environments that don’t have the concept of a perimeter.
It’s no longer enough to ask employees to sign more security policies, read more PowerPoint presentations, or watch more videos. Security, privacy, and compliance teams need a new way to protect sensitive data at scale, without getting in the way of employees doing their jobs.
Today, we're excited to announce our $20m Series A funding round to help more companies protect sensitive data in SaaS applications without getting in the way of employees doing their jobs. The round was led by Evolution Equity, who were joined by Resonance.vc and existing investors including Connect Ventures and Remote First Capital. We're hugely grateful for their continued support in taking Metomic onto this next journey.
Over the past 18 months, our product has gone from strength-to-strength. Metomic can now detect hundreds of types of sensitive data (PII, confidential data, security credentials, etc), triage the most important risks, and automate policies to prevent these risks occurring again in the future. All across popular SaaS applications like Slack, Google Drive, Zendesk, Jira, and Github.
In particular, our automated policies that enable employees themselves to prevent data risks are having a game-changing impact on how companies are protecting sensitive data at scale. It’s changing how security teams work alongside the rest of the organization.
Don’t just take my word for it. Here are what some of our customers are saying about us:
“Metomic gives us all peace of mind. We know that we have reduced the footprint of sensitive data exposure and that helps me sleep at night."
"Metomic is a SaaS enabler. They help us protect sensitive data in applications like Google Drive, so we can grow our business knowing our data is safe."
And this is only the beginning. We have big plans for the product, including integrations with dozens more SaaS apps, deeper visibility into data-sharing activities, and more flexible automation to prevent risk without getting in the way of employees doing their jobs.
It’s been a truly phenomenal journey since we launched, growing a fantastic team that’s solving genuine and critical problems for our customers. We can’t wait for the next stage, hiring more amazing people to join us, and expanding to the US.
If you’re interested in joining our fast-growing team, check out our open job roles here: https://apply.workable.com/metomic/
Looking for a demo of Metomic? Get in touch with me on firstname.lastname@example.org
Or if you want to see what’s going on your Google Drive, try our new free tool: https://scan.metomic.io