Cloud-native data loss prevention platform Nightfall AI announced it has closed on its latest funding round.
The company became a full-fledged business today with the $20.3 million funding infusion, led by Bain Capital Ventures and Venrock. Also participating in the funding are Pear VC, Sri Viswanath, CTO of Atlassian, and New York Jets’ Kelvin Beachum.
Nightfall, formerly known as Watchtower AI, uses machine learning and natural language processing to discover, classify, and protect sensitive information across SaaS and data infrastructure, which provides continuous protection of cloud services like Slack, GitHub, and Amazon’s AWS, in addition to proactive compliance services with several regulatory regimes, including CCPA, GDPR and HIPAA.
“When you have data scattered across numerous fragmented systems, not to mention people communicating in real time, it’s inevitable that sensitive information will get sprayed,” said Nightfall CTO Rohan Sathe, in a blog post. “Nightfall acts as a continuous shield, providing administrators the option of manually taking action on the data, leveraging automated workflows to prevent data loss, or classifying data historically for compliance.”
Adds CEO Isaac Madan, “Our mission at Nightfall is to build the control plane for cloud data, enabling enterprises to know what data they have across the cloud, and to proactively manage and protect that information.”
In addition to the new funding announcement, Enrique Salem, Partner at Nightfall AI lead investor Bain Capital Ventures, will be joining Nightfall’s board of directors.
The new funding will help deepen the scope of its Nightfall platform and continue to expand the company’s business reach.
Photo credit: Nightfall AI