Startup Realm Security Inc. today launched its security fabric and announced that it had raised $5 million in seed funding to control the explosion of cybersecurity data inundating security teams.
Founded by cybersecurity veterans Peter Martin, Jeff Kraemer and Sanket Choksey (pictured), Realm Security aims to address the explosion of security data and inherent challenges faced by cybersecurity teams globally. The company’s service transforms sprawling security data into a unified, intelligent entity that allows security teams to effectively manage cost and escape vendor lock.
The problem Realm Security is seeking to address is a real one: security data sprawl. A report in August from Forrester Research Inc. noted that “spiraling tech stack sprawl is driving budgets up” and that “security operations teams are constantly looking for ways to reduce the cost of managing, storing, and analyzing data — typically done in the security information and event management platform.”
Realm Security argues that as security teams have rapidly adopted new defensive technologies to protect their evolving digital footprint and corresponding attack surface, the additional solutions have resulted in an explosion of data volume, velocity and variety, leading to runaway data management costs and overwhelming data logistics challenges for defenders.
The company tackles the issue head-on by integrating and managing data from different sources and in various formats through artificial intelligence and data processing capabilities. Realm Security’s service creates a single point of ingestion and management to allow security teams to normalize, suppress, route and enrich all data sources while pursuing a multi-destination strategy.
Realm’s platform is also claimed by the company to end vendor lock for customers and concurrently delivers powerful but simple control over rising costs due to usage-based licensing models.
“Cybersecurity has increasingly become a data problem,” said co-founder and Chief Executive Peter Martin. “In conferring with over a hundred security professionals, the volume of security data has increased between 300% and 500% in the past two years, creating an unmanageable threat as data inflows continue to scale. A shortage of talent available for the role of information security analyst further exacerbates this problem.”
The $5 million in seed funding came from Accomplice and Glasswing Ventures.
“Security’s hardest problem is managing large volumes of data and ensuring the right information goes to the right place at the right time,” Rick Grinnell, founder and managing partner at Glasswing Ventures, commented on the deal. “Realm is tackling a critical problem with a team of storied industry veterans who have done this before.”