In under a year, Nightfall has scaled rapidly among high-tech growth startups and Fortune 500 enterprises alike. Nightfall AI does both. They quietly raised a seed round last year from Pear, Bain Capital Ventures, and Venrock, and started building. As the industry’s first cloud-native data loss prevention platform, Nightfall has scaled rapidly to a broad set of customers, ranging from hyper-growth tech startups to Fortune 500 enterprises, across consumer-facing & highly-regulated industries like healthcare, insurance, and education. By automatically discovering, classifying, and protecting sensitive data across cloud apps and data infrastructure, Nightfall not only secures data, but helps ensure regulatory compliance, data governance, safer cloud sharing and collaboration, and more. The team has been incredibly responsive and focused on continually improving the platform for new use cases,” added Sosnin. “Nothing on the market comes close to this,” added Laurenzano. Nightfall AI Emerges From Stealth With $20.3 Million to Secure Data in the Cloud. “Nothing on the market comes close to this.”. One of the biggest problems with business-critical data in the enterprise is that it is spread across a broad set of disparate cloud systems. While at Uber, Sathe built backend systems to handle petabytes of consumer data across thousands of SaaS and data infrastructure products in real time, helping grow UberEats to $7 billion in revenue and over 200 engineers. We believe the team’s impressive early traction, paired with their clarity of vision, will not only upend a stale legacy category in security but also usher in an entirely new way of thinking about data security and management in the cloud.This open ended opportunity is what really hooked Venrock on Nightfall. “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.”. Pear VC, Sri Viswanath, CTO of Atlassian, and Kelvin Beachum of the New York Jets also participated in the round. This leads to information security problems around data leakage, exfiltration, as well as compliance risk. The Nightfall platform has been ahead of the market in delivering an approach that has high classification efficacy. The DLP category became must-have and enjoyed strong market adoption, but deploying first-generation DLP required extensive configuration and tuning of rules to determine what sensitive data to look for and what to do with it.
© 2020 Pulse 2.0 LLC. This leads to information security problems around data leakage, exfiltration, as well as compliance risk around regimes such as HIPAA, GDPR, and CCPA. Required fields are marked *. By using this site, you agree to this use. Venrock is pleased to be co-leading Nightfall’s Series A with Bain and our friends at Pear. It is all the more meaningful when I can work with a high potential young founder, from essentially the beginning of their career, and see them develop into an experienced entrepreneur and leader. Madan was previously on the investment team at Venrock, an early-stage venture capital firm with a storied history in cybersecurity, with recent exits including CloudFlare and Evident.io, dating back to Vontu, Imperva, and CheckPoint. The other thing about legacy DLPs is that they were conceived at a time when the vast majority of enterprise data was still in on-premise systems. Ellucian VP and CISCO Josh Sosnin credited Nightfall with helping secure the company’s Slack communications for the company’s employee base of over 3,000 people.
Congrats to @Nightfall AI founders Isaac Madan and Rohan Sathe for being featured in the Forbes 30 Under 30 enterprise tech list this week. SAN FRANCISCO--(BUSINESS WIRE)--Bain Capital Ventures and Venrock Co-Lead Investment with Enrique Salem Joining the Board. Nightfall also ensures proactive compliance with a number of regulatory regimes, including CCPA, GDPR, and HIPAA. Pulse 2.0 is a leading national technology and business news publication located in Ann Arbor, Michigan. The team has been incredibly responsive and focused on continually improving the platform for new use cases,” said Sosnin. “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,” added Nightfall CEO Isaac Madan — who was previously on the investment team at Venrock. One of the broad themes that Isaac and I worked on together while at Venrock was looking for ways in which AI & ML could re-invent existing categories of software and/or solve previously unresolvable problems. Nightfall AI (formerly known as Watchtower AI) announced it has raised $20.3 million in funding led by Bain Capital Ventures and Venrock; Nightfall AI (formerly known as Watchtower AI) — which is the industry’s first cloud-native data loss prevention platform — announced it raised $20.3 million in funding led by Bain Capital Ventures and Venrock. Isaac was a careful listener, and when he spoke, his comments were always insightful, unique, and precise. Notify me of follow-up comments by email. Enter Nightfall AI.
“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 Sathe. Nightfall has built a powerful and elegant solution to this problem. Nightfall AI (formerly known as Watchtower AI… On the one hand, Nightfall (formerly known as Watchtower) is the next generation of DLP (Data Loss Prevention), which helps enterprises to detect and prevent data breaches, such as from insider threats–either intentional or inadvertent. FREMONT, CA: The IT Industry's first cloud-native data loss prevention platform by Nightfall AI made a debut with the funding worth $20.3 million. Within a year, he sounded like he had been operating in enterprise software for over a decade. He paired up with a childhood friend, Rohan Sathe, who had been working at Uber. This problem is also worsened by the move to cloud. “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,” said Isaac Madan, Nightfall Chief Executive Officer. The Nightfall team has experience at platform tech and cybersecurity companies, including Uber, Atlassian, Deliveroo, Palo Alto Networks, CrowdStrike, and Akamai. Bain Capital Ventures and Venrock Co-Lead Investment with Enrique Salem Joining the Board . Plus it delivers measurable productivity enhancements to security teams through deployment and automation. And this leads to information security problems around data leakage, exfiltration, and compliance risk. This week the founder duo was named to the Forbes 30 Under 30 list for enterprise technology.
Vontu was one of the pioneers of this category, and happened to be a Venrock investment in 2002. Funding proceeds will be used to deepen the scope of the Nightfall platform …
In our calls with customers we consistently heard that Nightfall’s product is super fast and easy to deploy, highly accurate, and uniquely easy to manage.
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Nightfall AI (formerly known as Watchtower AI), the industry’s first cloud-native data loss prevention platform, launched today with $20.3 million in funding led by Bain Capital Ventures and Venrock. Add to this the fact that the number of business applications and end-users has grown exponentially, and you have an environment where sensitive data shows up in a myriad of cloud environments, some of them expected, like your CRM, and some of them unexpected and inadvertent, like PII or patient health data showing up in Slack, log files, or long forgotten APIs. While working at Uber, Sathe developed the backend systems to handle vast amounts of data across thousands of SaaS and data infrastructure products in real time thus UberEats grow to $7 billion in revenue and over 200 engineers. He had an impressive computer science background, had founded a startup in college, and was interested in venture capital. November 8, 2019 By 3v.org Leave a Comment. After 21 years in venture, the thing that I still enjoy most is working closely with entrepreneurs to solve hard problems. The platform’s accuracy and automation capabilities limit the need for manual intervention, while delivering continuous protection in environments like Slack,” said Michael Laurenzano, CTO of Clinc, an enterprise artificial intelligence firm servicing highly regulated industries.
Nightfall leverages machine learning and natural language processing to discover, classify, and protect sensitive information across SaaS and data infrastructure, providing continuous protection for cloud services like Slack, GitHub, and AWS. Nightfall is hiring – explore open opportunities at www.nightfall.ai/careers. Nightfall leverages machine learning and natural language processing to discover, classify, and protect sensitive information across SaaS and data infrastructure, providing continuous protection for cloud services like Slack, GitHub, and AWS. “Nightfall’s platform deployed in seconds, and quickly became a core component of our security program. Nightfall has built a powerful and elegant solution to this problem. Read more about why I invested here. The platform is ahead of the market in delivering an approach that has high classification efficacy, and delivers measurable productivity enhancements to security teams through straightforward deployment and automation. Rohan had observed that the combination of massive scale and rapid business change created significant challenges in managing and protecting sensitive data.
See our, To Measure Sales Efficiency, SaaS Startups…. Four years ago I met a recent Stanford grad named Isaac Madan. “Nightfall’s platform deployed in seconds, and quickly became a core component of our security program.
Nightfall CTO Rohan Sathe experienced this problem first-hand as a founding team member of UberEats. Isaac joined Venrock and for the next two years immersed himself in all corners of technology, mostly gravitating towards enterprise software companies that were utilizing Artificial Intelligence and Machine Learning. Pear VC, Sri Viswanath, CTO of Atlassian, and Kelvin Beachum of the New York Jets also participated in the round. Apple iOS 14.1 Review: What You Need To Know, AAPL Stock: $140 Price Target By Raymond James, AMZN Stock: $4,100 Price Target By JPMorgan, Nightfall AI (formerly known as Watchtower AI) announced it has raised $20.3 million in funding led by Bain Capital Ventures and Venrock. Integrate Nightfall with any Slack workspace to detect sensitive data in chat (www.nightfall.ai/integrations/slack), or GitHub to detect sensitive keys & credentials in code (radar.nightfall.ai). Nightfall AI (formerly known as Watchtower AI) — which is the industry’s first cloud-native data loss prevention platform — announced it raised $20.3 million in funding led by Bain Capital Ventures and Venrock. Isaac packed his schedule morning, noon, and night meeting with entrepreneurs, developing a deep understanding of technologies, go-to-market strategies, and what makes great teams tick.
Changes to DLP rules required much effort and constant maintenance, and false positives created significant operational overhead. After two years in venture, Isaac got the itch to found another startup. #nightfallai #forbesunder30, This website uses cookies to improve service and provide tailored ads. Nightfall’s false positive rate is exceptionally low, and their catch rate extremely high. About Nightfall. Nightfall AI was founded in 2018 by Isaac Madan, & Rohan Sathe. The urgency of this problem is exacerbated by the move to cloud, and frustration with first-gen vendors that are highly inaccurate, without remediation and holistic cloud coverage. Pear VC, Sri Viswanath, CTO of Atlassian, and Kelvin Beachum of the New York Jets also participated in the round.