{"id":54544,"date":"2023-11-15T22:00:00","date_gmt":"2023-11-15T22:00:00","guid":{"rendered":"https:\/\/www.darkreading.com\/application-security\/altr-closes-25m-series-c-financing"},"modified":"2023-11-15T22:00:00","modified_gmt":"2023-11-15T22:00:00","slug":"altr-closes-25m-series-c-financing","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/altr-closes-25m-series-c-financing\/","title":{"rendered":"ALTR Closes $25M Series C Financing"},"content":{"rendered":"
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PRESS RELEASE<\/strong><\/p>\n

<\/strong>MELBOURNE, Fla.<\/strong><\/span><\/strong><\/span>,<\/strong> <\/strong><\/span><\/strong><\/strong>Nov. 15, 2023<\/strong><\/span><\/strong><\/span><\/strong> <\/strong><\/span>\/PRNewswire\/ —<\/strong> <\/span>ALTR<\/a> <\/span>Solutions, Inc., the leading innovator of automated data governance and data security solutions, today announced that it has closed on its <\/span>$25 Million<\/span> <\/span>Series C Preferred financing to meet the overwhelming demand for its SaaS-based data access governance and security solutions. Led by <\/span>John Stafford III<\/span>, and including new investors from the financial, medical, and data space, the Series C will be used to bolster ALTR’s market position in the cloud data access governance and security space, fast-track its go-to-market strategy by expanding its footprint across various data sources, grow partner integrations, and develop channel relations.<\/p>\n

“Data owners need to protect data during the entire journey from source systems to the cloud. They now realize it isn’t sufficient to rely on securing data only after landing in a cloud data warehouse or analytical store,” said <\/span>Jonathan Sander<\/span>, former Field Security CTO at Snowflake and ALTR Board member. “ALTR’s unique solution helps some of the world’s biggest brands expand data governance and security from inside the cloud upstream into data pipelines and catalogs. It’s the power to orchestrate protection across the whole data journey that defines their ‘Shift Left’ approach. ALTR’s highly available, cloud-native service powers this Shift Left orchestration by keeping data secure and compliant throughout its entire journey from source to cloud to user. I am excited to be working alongside James and the entire ALTR team to help the company continue to capitalize on this tremendous market opportunity and I cannot wait to see where this trajectory will take us.” <\/p>\n

Since the close of ALTR’s <\/span>$15 million<\/span> <\/span>Series B in 2020, the company has realized significant milestones, including:<\/p>\n