Multicloud management tools aim to tighten security and lower cost

by | Jun 28, 2022 | Technology

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Data security has become more complex due to the proliferation of data, an explosion of microservices, rapid cloud adoption, hybrid work environments, compliance, remote work and more.  

“Today’s enterprises find their data scattered throughout their various cloud environments with limited visibility of where sensitive data resides. It’s a massive problem that current cloud security offerings aren’t equipped to handle,” said Amer Deeba, cofounder and CEO at Normalyze. 

“We built Normalyze to classify and secure sensitive data across all public clouds,” Deeba said. Normalyze announced today that it’s coming out of stealth with $22 million in series A funding. This round brings the company’s total funding to $26 million to date.

“Our graph-powered platform is a hub that connects all data with assets, identities, accesses, misconfigurations and vulnerabilities to help security teams continuously discover sensitive information, determine attack paths and automate remediation efforts to secure it,” said Ravi Ithal, Normalyze cofounder and CTO. 

“With the Normalyze one-pass scanner, users can scan structured and unstructured data stores to discover sensitive information based on predefined compliance profiles for PII, GDPR, HIPAA and more with minimal upfront configuration and cost – all while ensuring data never leaves their cloud environments,” Ithal said. 

Organizations embrace multicloud, but security may suffer

Multicloud architectures are more complex and more challenging to manage to the point where only 13.6% of tech leaders believe they’ve mastered cloud security. 

The Flexera 2022 State of the Cloud Report survey shows that the top C-suite challenges are security, expertise and spend, which are key reasons why a recent report from Research and Markets estimates the Global Multicloud Management Market at $6.4 billion.

A detailed review of cloud cost-optimization levers from McKinsey predicts more than …

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