2 years ago

Metomic Raises $20 Million to Prevent Sensitive Data Sharing in SaaS Apps

  • Metomic, an early-stage startup, has raised $20 million in Series A funding led by Evolution Equity Partners with participation from Resonance and Connect Ventures

  • The company helps companies protect sensitive data in SaaS applications, such as Slack, Google Apps, JIRA and Notion, without accidentally exposing sensitive information to the wrong people

  • Metomic's approach is to empower employees to make sensible decisions about who they share data with, and the company offers a range of off-the-shelf classifiers to automatically detect sensitive data types

  • The company was founded in 2018 in England and currently has 20 employees, all based in the U.K

  • The company plans to use the funding to open a presence in the U.S

  • and build a diverse team.

      • ProblemTechnology

      "Companies shift to work-from-home or hybrid environments, employees share sensitive information without authorization, threatening data security."

      Solution

      "Metomic helps prevent employees from sharing sensitive data in SaaS apps by limiting access and data retention, allowing employees to make sensible decisions about data sharing."

      Covered on