Immuta announces 100% customer growth
Immuta has announced record mid-year growth, more than doubling its customer base and number of employees year-over-year.
In May, Immuta announced a $90 million round of Series D funding that the company is using to expand sales and marketing capacity, accelerate product research and development, and expand into EMEA and APAC. One-third of Immuta’s new customers in the first half of the year came from outside the U.S.
“Our first-half growth shows that more and more organisations around the world are looking for solutions to help scale cloud analytics and data science initiatives,” said Matt Carroll, Immuta’s CEO.
He added: “Five years ago, data teams were siloed and focused on helping users find and query more data. But today, data consumers exist across organisations and are going much further — transforming data, collaborating with cross-company teams, and creating new data products, models, and pipelines at a rapid pace. This new era of democratised data use is driving unprecedented adoption of cloud platforms and data exchanges but has also exposed significant inefficiencies and security gaps in their data supply chain. Universal data access control – which automates secure cloud data access at a fraction of the cost and time of other approaches – has become one of the most critical components of the modern data stack.”
Immuta’s customers include large enterprises that require universal access controls for heterogeneous cloud data platforms, as well as high-growth software companies that use modern cloud data platforms and must maintain strong data security. The company increased its market share across industries including insurance, healthcare, technology, manufacturing, global financial services, transportation, and government.
The organisations popularity derives from its approach to cloud data access control and ability to help customers address their most prominent data challenges. A recent GigaOm report found that Immuta’s attribute-based access controls require 75 times fewer policy changes and offer significant cost savings compared to competitive solutions.
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