Polymer Solutions, a New York-based virtual compliance offers for the SaaS, a next-gen data loss protection platform, has now secured $1 million in a seed funding round.
Polymer Solutions is founded by Yasir Ali. It is data governance and privacy platforms for third party SaaS applications such as Zendesk, Zapier, Dropbox, Slack, and many others,
This protects against cyber breaches and data loss. The solution offers a single dashboard to configure, track, and permission usage of sensitive data across the organizations to become HIPAA, CCPA, GDPR, PII and PHI compliant.
“Consumers are demanding better handling of their information by companies. Privacy laws and the constant barrage of security breaches demand a more thoughtful approach in how data sharing occurs within internal SaaS platforms,” says Polymer Founder & CEO Yasir Ali. “Data governance within organizations is quickly evolving into a mandatory requirement for technology and security teams. Existing CASBs and DLPs have done a poor job in addressing this problem requiring high amounts of human interventions for upkeep. We built Polymer from the grounds up to be easy to get started with and have a self-learning machine take over most of the governance functions.”
Dave Wartell, President of IDT Corporation, says, “Keeping your customers’ data safe in the age of Slack and remote work is what keeps CIOs up at night. Compliance regulations are there but the real cost is billions in potential damages, lost revenue, and brand equity at risk from just a single incident of leaked customer data: Polymer’s feedback-driven machine learning and easy integration provides a rapid and surefire level of protection for the whole organization in key risk areas”
Polymer Solutions latest funding
The round was backed by Motivate Ventures, 10x Ventures, Tensility Ventures, Inspiration Ventures, Acceleprise.
Post funding, Armando Pauker, Partner at Tensility Ventures, and Ed Bellis, CTO/Co-Founder of Kenna Security, will now be going to join the Polymer Board of Directors team.
The company, as of now, has plans to use the new funds to expand operations and its business outreach.