Metomic Secures $20 Million for U.S. Expansion and Innovation
Metomic, a prominent provider of a cutting-edge data security solution based in London, UK, has successfully raised $20 million in a Series A funding round. This significant investment was led by Evolution Equity Partners, with notable participation from both Resonance and Connect Ventures. The fresh capital is earmarked for ambitious expansion initiatives in the U.S. market, as well as for bolstering research and development efforts. Under the leadership of CEO Rich Vibert, the company aims to enhance its data protection capabilities, ensuring that organizations can safeguard their sensitive information effectively.
The innovative solution offered by Metomic provides security teams with unparalleled visibility into their organization's software-as-a-service (SaaS) network.
This robust framework enables them to manage sensitive data meticulously and identify potential security threats proactively. One of the standout features of Metomic is its ability to deliver real-time notifications to employees, alerting them when they unintentionally upload sensitive data into inappropriate environments. This functionality essentially creates a human firewall, empowering organizations to maintain stringent data security standards while maximizing the advantages of their SaaS application networks.
Metomic is at the forefront of transforming how organizations can oversee and control their data, particularly across widely-used collaborative SaaS applications such as Google Apps, Slack, Jira, and Zendesk. By seamlessly connecting to the data layer of these essential work tools, Metomic allows security professionals to understand precisely what data is housed within their systems, where it resides, and who has access to it. The company has garnered a diverse customer base across Europe and North America, with half of its clientele located in the U.S. Looking ahead, Metomic plans to significantly expand its workforce, aiming to quadruple its employee count by the end of the year, with its sales and marketing operations being strategically headquartered in the United States.
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