Five Minute Briefing - Information Management
February 22, 2024

Five Minute Briefing - Information Management: February 22, 2024. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.

News Flashes

Clumio Secures $75M in Funding Round to Bolster Backup and Recovery for Public Cloud

Clumio, a provider of data backup and recovery for public cloud, announced it has secured $75M in a Series D funding round, enabling the company to accelerate its innovation and go-to-market strategy of radically simplifying backup and recovery for public cloud customers. The funding round was led by Sutter Hill Ventures, along with participation from existing investors Index Ventures and Altimeter Capital, and new investor NewView Capital. Clumio has now raised a total of $261 million.

Palo Alto Networks Alleviates the Cost of Switching from Legacy Endpoint Security Solutions to Cortex XDR

Palo Alto Networks is offering a new Cortex platform capability for endpoint security, assisting customers to accelerate "platformization" and improve their endpoint protection. Organizations struggle to prevent, detect, and respond to the continuous advancement of cyberthreats.