SAN FRANCISCO, Oct. 25, 2022 (GLOBE NEWSWIRE) — Bearer, the data-first safety software program firm, as we speak introduced the closing of a second tranche of seed funding, bringing the complete fairness financing raised up to now to $8 million. Alven led the $4 million second tranche spherical with participation from Kima Ventures, Partech and Point Nine.
“Our goal is to make data security pragmatic for developers and a natural, frictionless step in their usual software workflow while assuring companies and their security teams that their code is more secure than ever before,” stated Guillaume Montard, co-founder and CEO of Bearer. “Our solution takes code quality to the next level. We pinpoint exact data security risks as opposed to tracing random potential security flaws.”
The Bearer information safety SaaS answer options three main improvements:
- Identification of knowledge safety dangers – Including business logic flaws: Bearer pinpoints information safety technical and business logic flaws in code earlier than it’s too late and expensive to appropriate. It then gives actionable context and possession data to repair points shortly – in minutes. Before Bearer, pinpointing business logic flaws might solely be achieved manually however often went ignored.
- Frictionless deployment: Bearer is an information safety SaaS answer that matches into the improvement cycles of Global 2000 enterprises with out requiring any modifications to how software program engineering groups work. Additionally, Bearer doesn’t require entry to the underlying supply code.
- Extreme automation: Designed by builders for builders in a world of fixed code iterations, Bearer automates the burden of knowledge safety compliance for software program engineers so that they don’t should grow to be consultants on information safety laws throughout completely different world markets. Security and compliance groups love how Bearer prioritizes the most crucial points in remediation workflow to permit for fast decision between safety and improvement.
$17 Billion Data Security Market by 2028
Industry analyst agency Verified Market Research forecasts that the world data-centric safety market measurement was valued at $3.39 Billion in 2020 and is projected to achieve $17.12 Billion by 2028, rising at a CAGR of twenty-two.45% from 2021 to 2028.
“Managing information safety is turning into a high precedence for companies with clients and governments demanding higher information safety, and the world rise of complicated reporting guidelines that adjust by business sort, nation and geography,” stated Thomas Cuvelier, associate at Alven, an impartial early-stage enterprise capital agency that has backed extra than160 startups over 22 years with greater than $2 billion in funds at the moment below administration. “Repeat entrepreneur Guillaume has been able to attract very experienced technical talent and build innovative IP to tackle this massive market.”
Bearer’s solution is built around the most popular and powerful open source code analysis engines that combine with proprietary heuristics to detect sensitive data flow and data security risks. Bearer is a horizontal data security solution that has gained early traction in markets where privacy and data security are critical to its customers who must meet the strictest government regulations and compliance requirements, such as healthcare, eCommerce and financial services.
“When implementing security and privacy controls in our products, we must continuously ensure that they are effective,” stated Romain Mekarni, safety engineer at Doctolib, a medical providers firm with greater than 320,000 healthcare personnel and 70 million sufferers in Europe. “We partner with Bearer to build the best developer-friendly platform to improve the day-to-day work of building new features secured by design, right from the source code. We share their user-first mindset and greatly appreciate the collaboration.”
About Bearer
Bearer, the data-first safety software program firm, pioneered an answer for builders to mechanically detect delicate information circulate and information safety dangers whereas coding. Its coverage engine proactively screens information safety insurance policies earlier than releasing code and its distinctive remediation workflow prioritizes the most crucial points – together with business logic flaws – for fast decision between safety and engineering groups. Venture-backed with greater than $8 million in seed financing, Bearer is utilized in markets the place privateness safety and information safety are business-critical, together with eCommerce, monetary providers, and healthcare. Follow us on Twitter @trybearer
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