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Austin startup Altr raises $15 million for growth

In the News / By Austin American Statesman / May 14, 2020

Austin-based Altr, a startup that makes data governance and protection technology, has raised $15 million in its latest funding round.

Summary

Altr makes a data security platform that helps companies monitor access to sensitive data, govern that access and protect the most sensitive data. The technology is used in a variety of industries from banking to fertility clinics. Altr CEO Dave Sikora said the funding will be used in a number of areas, including growing the company’s 50-person employee team. Sikora previously was CEO at Austin-based Stratfor before joining Altr in 2018. “There’s been a whole lot of innovation around security as a service,” Sikora said. “But the industry needs a better mousetrap.”


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