PRESS RELEASE
MELBOURNE, Fla., Nov. 15, 2023 /PRNewswire/ — ALTR Options, Inc., the main innovator of automated knowledge governance and knowledge safety options, at this time introduced that it has closed on its $25 Million Collection C Most popular financing to fulfill the overwhelming demand for its SaaS-based knowledge entry governance and safety options. Led by John Stafford III, and together with new buyers from the monetary, medical, and knowledge house, the Collection C might be used to bolster ALTR’s market place within the cloud knowledge entry governance and safety house, fast-track its go-to-market technique by increasing its footprint throughout numerous knowledge sources, develop companion integrations, and develop channel relations.
“Information house owners have to defend knowledge throughout the whole journey from supply methods to the cloud. They now understand it is not enough to depend on securing knowledge solely after touchdown in a cloud knowledge warehouse or analytical retailer,” mentioned Jonathan Sander, former Discipline Safety CTO at Snowflake and ALTR Board member. “ALTR’s distinctive resolution helps a few of the world’s greatest manufacturers broaden knowledge governance and safety from contained in the cloud upstream into knowledge pipelines and catalogs. It is the facility to orchestrate safety throughout the entire knowledge journey that defines their ‘Shift Left’ method. ALTR’s extremely accessible, cloud-native service powers this Shift Left orchestration by retaining knowledge safe and compliant all through its whole journey from supply to cloud to person. I’m excited to be working alongside James and the whole ALTR workforce to assist the corporate proceed to capitalize on this large market alternative and I can not wait to see the place this trajectory will take us.”
For the reason that shut of ALTR’s $15 million Collection B in 2020, the corporate has realized vital milestones, together with:
- An annualized enhance in Snowflake Accomplice Join (SPC) activations of over 325%, accounting for a whole lot of latest ALTR + Snowflake clients since ALTR was first launched on SPC in September 2021.
- Snowflake-based ARR grew 472%, database connections by 70%, energetic insurance policies 130%, and conversion from ALTR Free Without end to ALTR Enterprise by 40% YTD in 2023.
- Launched Snowflake Native Format-Preserving Encryption Utilizing Snowpark, the industry-first resolution module operating natively on Snowpark.
- Introduced an Open-Supply Information Governance Integration Initiative constructed for the Snowflake Information Cloud, together with direct integrations with Matillion and Alation to bolster ALTR’s Shift Left interoperability method throughout the trendy knowledge ecosystem.
- Appointed James Beecham as Chief Govt Officer.
- Secured a multi-year contract with a number one Fortune 10 firm and realized a 70-fold enhance in its buyer base throughout industries corresponding to monetary providers, healthcare, oil & fuel, retail/CPG, promoting and know-how, and logistics.
“Delicate and controlled knowledge that’s left unprotected previous to reaching the cloud knowledge warehouse implies that knowledge is at a excessive threat of publicity,” mentioned Sanjeev Mohan, Principal at SanjMo and former Gartner analyst. “The architectural benefits of ALTR’s pure SaaS resolution factors to its development and sustainability technique round enterprise clients who want to govern and safe delicate knowledge within the cloud with minimal friction. ALTR is the one knowledge entry governance and safety resolution that ensures organizations can defend knowledge ‘to the left’ shifting from supply system to the cloud to knowledge client.”
ALTR permits database directors, knowledge engineers, and knowledge architects to drastically cut back guide duties and/or hand them off utterly to ship larger worth from their knowledge, faster. As we speak, a whole lot of firms – and 1000’s of customers – leverage ALTR’s knowledge governance platform to realize unparalleled visibility into knowledge utilization, automate knowledge entry management, and safe knowledge with patented rate-limiting and tokenization-as-a-service.
“This newest funding is a real testomony to ALTR’s customer-centric method and to our development and sustainability technique round enterprise clients who want to govern and safe delicate knowledge within the cloud,” mentioned James Beecham, Founder and CEO of ALTR. “2023 has been a 12 months of exponential development and improvement for ALTR that features the enlargement of shoppers, additional improvement of inside groups, and a broadening of our product choices. We’re thrilled to be acknowledged by visionaries within the knowledge ecosystem because it underscores the significance of building a strong knowledge governance and safety method and can guarantee we proceed to ship on our mission of serving to organizations use knowledge successfully and responsibly, so they continue to be compliant with an ever-growing variety of rules.”
About ALTR
ALTR is the main innovator of automated knowledge entry governance and knowledge safety options for Snowflake. ALTRuniquely blends the wants of knowledge and safety groups right into a single platform and is the one automated knowledge entry management and safety resolution that enables organizations to simply govern and defend delicate knowledge within the cloud. In contrast to different choices, ALTR’s distinctive “shift left” method ensures the safety of knowledge all through its journey; from supply system to the cloud to knowledge client, serving to organizations make sure that their knowledge is safe in movement, at relaxation, and in use. To study extra go to www.altr.com or join with the corporate on LinkedIn or Twitter.
