Normalyze wants to prevent major cloud data breaches. Here’s an exclusive look at the 16-slide deck it used to raise $22 million from early Snap-backer Lightspeed.
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- Cloud security startup Normalyze recently raised $22 million in a Series A funding round.
- The firm was backed by VC giants Lightspeed Venture Partners and Battery Ventures.
- Insider got an exclusive look at the pitch deck Normalyze used to bring investors on board.
Cloud cybersecurity startup Normalyze recently raised $22 million in a Series A funding round backed by Lightspeed Venture Partners and Battery Ventures.
Founded in 2020, the San Francisco-based firm was set up to help businesses tackle an emerging problem. The rapid adoption of cloud computing services is bringing new cybersecurity challenges.
For example, a number of major tech companies have adopted a “microservice” approach. This means component parts of their applications, like search bars or payment processes, are siloed off from one another at the backend, rather than all of them being built out of a single piece of code.
For example, at Amazon, the “user reviews” app is managed completely separately from the “add to cart” function. Meanwhile at PayPal, the “make a payment” button is itself a separate, tiny app maintained by a specific team. Behind the scenes, different teams of programmers manage and monitor each tiny function separately, with little to no crossover.
The microservice approach is increasingly popular, with a recent IBM survey showing 87% of business leaders saying the transition was worth both the effort and expense.
But with so many services running semi-independently, firms’ internal systems can quickly get messy, and important data scattered all over the place. That’s where Normalyze comes in.
“Today’s enterprises find their data scattered throughout their various cloud environments with limited visibility of where sensitive data resides,” said CEO and cofounder Amer Deeba, who said his platform can “help companies of all sizes discover, classify and secure sensitive data.”
The firm’s self-described “secret source” is its open-access interface, which allows security chiefs and engineers to monitor and tag data, and more easily root out vulnerabilities.
Insider got an exclusive look at the pitch deck Normalyze used to bring investors on board. Check it out below: