Symmetry Systems Inc.

Symmetry Systems Inc. specializes in advanced data security solutions, providing organizations with tools to discover, classify, and protect sensitive information across various environments including cloud and on-premises infrastructures. Founded in 2018 in San Mateo, US, Symmetry Systems Inc. offers innovative data security solutions.

The company was established by Casen Hunger and Mohit Tiwari, who has previous entrepreneurial experience. Symmetry has secured a total of 5 deals, with the most recent funding round being a Growth round on August 9, 2023, where it raised USD 17. 7 mn from investors including Adit Ventures, Forgepoint Capital, OVN Capital, Prefix Capital, The Syndicate Group, and W11 Capital. This latest funding round marks the total amount raised as USD 17.

7 mn. Symmetry Systems provides a comprehensive suite of data security solutions centered around its flagship product, the Symmetry Modern Data Security Platform. This platform integrates Data Security Posture Management (DSPM) and Data Detection and Response (DDR) capabilities, enabling organizations to discover, classify, and protect sensitive data across diverse environments, including cloud, on-premises, and hybrid infrastructures. The platform offers AI-powered scanning for personal identifiable information (PII), protected health information (PHI), and financial data, allowing businesses to maintain compliance and safeguard against data risks.

Key use cases include data inventory management, ransomware defense, and zero trust compliance, serving various sectors such as financial services, healthcare, technology, and government with deployments noted in North America, Europe, and Asia-Pacific regions. Symmetry Systems generates revenue primarily through subscription-based models associated with its data security solutions. Clients engage in annual or multi-year contracts that provide access to the full spectrum of capabilities of the Symmetry Modern Data Security Platform. Transactions are structured as direct business-to-business engagements, where organizations subscribe to DSPM and DDR services tailored to their specific security needs.

The pricing structure includes tiers to accommodate varying organizational sizes and data complexities, ensuring scalable solutions for both small businesses and large enterprises. Revenue derives from the continuous provision of these services, including ongoing support and updates, which are critical in adapting to evolving data security challenges. In August 2023, Symmetry Systems Inc. raised USD 17.

7 mn in growth funding, co-led by new investor OVN Capital alongside returning investor Prefix Capital, with participation from other new investors. The company plans to utilize this funding to scale its partnerships, introduce new products, and develop the second phase of its cloud data security offerings. Symmetry Systems aims to expand into new markets, although specific regions have yet to be disclosed. The forthcoming product launches and strategic expansions are anticipated to further enhance the company's service offerings and market presence.