IBM Acquires Polar Security for $60 Million to Secure Sensitive “Shadow Data”

Screenshot from Polar Security's website.

IBM revealed the acquisition of Polar Security, a pioneer in data cyber security posture management (DSPM) technology. The deal is estimated at $60 million according to sources at TechCrunch. This acquisition marks IBM’s 15th acquisition in Israel and is part of the company’s ongoing efforts to enhance its hybrid cloud and artificial intelligence capabilities.

As cloud adoption surged during the pandemic, a new “shadow data” threat emerged for enterprises – sensitive data that is not adequately tracked or managed. Polar Security, founded in January 2021, addresses this issue by offering an agentless platform that quickly identifies and classifies sensitive data across various cloud environments, SaaS applications, and data lakes.

The acquisition will see Polar Security integrated into IBM’s Guardium unit, enhancing the company’s capabilities in auditing and tracking cloud data flows. This move highlights the growing trend of larger tech companies acquiring innovative cybersecurity startups to address the escalating security vulnerabilities faced by organizations.

Polar Security’s technology enables organizations to discover unknown and sensitive data, map data flow, and identify vulnerabilities related to security policies, configurations, and data usage. By employing a risk-based prioritization approach, Polar Security provides actionable remediation reports, highlighting the most critical security risks and compliance violations, along with practical recommendations to address them.

The acquisition marks the 15th startup acquisition in Israel by IBM, most recently succeeding the acquisition of Databand.ai, reflecting the company’s continued investment in the region’s tech ecosystem, with a focus on AI, Automation, Cloud, and IT.

Continue Reading

Mentioned in the article

StartupHub.ai

StartupHub.ai, the hub of the AI startup ecosystem.

Add or Claim Your Profile

Submit the form below to add or claim an existing profile. Within 24 hours, we'll review your request and connect you to your existing profile for full editing.

Pro Lite Subscription Required

Unlock all search results

With a Pro Lite subscription, you can enjoy unlimited profile viewing. Power your innovation efforts, uninterrupted.

$20/month

cancel anytime

Pro Lite includes: