March 21, 2024 at 12:00PM
Dymium, a California startup, secures $7 million in funding from Two Bear Capital and angel investors. The company offers enterprise data protection products, including a platform that integrates with existing IAM infrastructure and a SecureChat AI portal. Its solutions ensure real-time, transparent data governance and PII protection, with deployment options as SaaS or on customer-controlled infrastructure.
From the meeting notes, the key takeaways are:
1. Dymium, a California startup, has secured $7 million in early stage funding, with $5 million from Two Bear Capital and an additional $2 million from angel investors.
2. The company offers two enterprise-facing data protection products, with a flagship product providing real-time, transparent data governance that integrates with existing IAM infrastructure and can be used for PII protection and data redaction policy enforcement.
3. Their Dymium Platform is described as a session-aware data security platform that dynamically applies security and compliance policies to all data access requests, ensuring that users see only the data they are entitled to see without making copies of the data.
4. Dymium also markets a SecureChat enterprise AI portal that detects and blocks sensitive data from being pushed into generative-AI chatbots.
5. The company’s products can be deployed as SaaS or on customer-controlled infrastructure.
This information highlights the company’s focus on data security and protection, its recent funding, and the capabilities of its flagship product and SecureChat enterprise AI portal.