LightBeam Raises $17.8 Million in Series A
LightBeam.ai, a Palo Alto, CA-based zero trust data protection company, has raised $17.8 million in an oversubscribed Series A funding round.
The investment was led by Vertex Ventures US and supported by Dropbox Ventures, 8VC, Village Global, and several angel investors.
Founded in 2015, Vertex Ventures US is a venture capital firm based in Palo Alto, California. The firm seeks to invest in enterprise and deep tech companies.
The company aims to use the funding to expand its go-to-market initiatives and continue developing its platform that converges data security, privacy, and AI governance.
LightBeam.ai is a data security and privacy automation platform intended to democratize data to drive business value. Leveraging generative AI as a foundational technology, LightBeam ties together sensitive data cataloging, control, and compliance across structured, unstructured, and semi-structured data applications providing 360-visibility, risk remediation, and compliance with PCI, GLBA, GDPR, and HIPAA among other regulations. Continuous monitoring with full data residency ensures ultimate zero-trust data protection, LightBeam is on a mission to create a secure privacy-first world.
Funding Details
Company: LIGHTBEAM.AI, INC.
Raised: $17.8M
Round: Series A
Funding Month: February 2024
Lead Investors: Vertex Ventures US
Additional Investors: Dropbox Ventures, 8VC, Village Global, and Angel Investors
Company Website: https://www.lightbeam.ai/
Software Category: Data Security and Privacy Automation