Okera has raised $15 million in new funding to help provide enterprises with secure data access for modern analytic platforms. The new funding will be used to expand Okera’s investment in engineering, sales, and marketing. In line with the new funding, Okera announced that Nick Halsey has joined Okera as CEO and board member. He most recently served as president and CEO of Zoomdata. Timothy Eades, vArmour CEO and an early investor in Okera, has been named executive chairman.
Okera provides secure data access so that data teams have the confidence to unlock the power of their data for innovation and growth. By ensuring that appropriate data access controls are in place and meet the evolving data privacy landscape, the Okera Active Data Access Platform can automatically discover and audit data lakes, create access policies using its visual policy engine, and enforce fine-grained access in multi-cloud environments such as AWS and Azure.
The strategic investment was led by ClearSky Security. The new funding brings the total funding for the company to $29.6 million and includes participation by existing investors Bessemer Venture Partners and Felicis Ventures. The new funding will be used to expand Okera’s investment in engineering, sales, and marketing.
In line with the new fundingNick Halsey has joined Okera as CEO and board member. He most recently served as president and CEO of Zoomdata. Timothy Eades, vArmour CEO and an early investor in Okera, has been named executive chairman.
“It’s never been more important than today to secure data access, especially in the current climate with more employees working remotely than ever before,” said Halsey.
According to Gartner, organizations are increasingly using multi-cloud architectures which add a layer of complexity to secure and protect data management and access. In addition, companies must comply with an evolving data privacy regulation landscape, including GDPR and CCPA with GDPR fines alone likely to exceed $1 billion by 2021.
“It’s never been more important than today to secure data access, especially in the current climate with more employees working remotely than ever before,” said Halsey.
For more information, go to www.okera.com.