Businesses of all sizes are striving to maximize data access and security, however, it might not be enough. An Increasing volume and complexity of data has made it more challenging for businesses to keep their data secure. The average cost of a data breach is $4.24 million, but studies show that companies across the globe are still not implementing enough security measures to protect their data. Automated data governance and security software could offer a potential solution to data governance and security.
ALTR Solutions Inc., a data governance and data security solutions startup, announced that it has secured $25 million in Series C funding to consolidate its position in the cloud data access governance and security market. The funding will be used to advance its SaaS-based data access governance and security solutions. More specifically, it will be used to develop channel relations, fast-track go-to-market strategies, and grow partner integrations.