data security

data security

It seems like every week there's some new high profile data breach. Credit card numbers, addresses, nude photos, Democratic National Committee emails—you name it, hackers have stolen it.

Amit Saha, the CEO of Saviynt Inc, the El Segundo-based security vendor, said the problem has only gotten worse during the pandemic, with so many people working from home and using their personal computers to access corporate networks.

For Saha and his company's 750 employees, that's created a lot of work—and an opportunity. Saviynt announced Monday that they've secured $130 million in capital financing from HPS Investment Partners and PNC Bank to expand their cybersecurity SaaS technology. It's a big bet that the pandemic-fueled demand can help them build a more global company.

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Cloud computing company Fastly announced plans to acquire Culver City-based Signal Sciences for $775 million on Thursday. It's the largest enterprise exit in L.A., according to Andrew Peterson, the CEO of Signal Sciences.

Signal, founded in 2014, protects web applications from attacks and data breaches for clients like Duo Security, Under Armor and DoorDash. With breaches costing an average $3.86 million, preventing them has become imperative for many businesses.

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Cloud-based data security platform Open Raven announced Tuesday that it raised a $15 million Series A round four months after it emerged from stealth to announce seed funding.

The round was led by Kleiner Perkins as well as existing investors like Upfront Ventures, bringing its total capital raised to $19.1 million.

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