NEW YORK, NY--(Marketwired - June 22, 2016) - strongDM today announced it has secured $250,000 in funding from HearstLab, an invitation-only community of early stage, women-led startups. The investment serves as a bold endorsement of the company's vision to simplify and centralize access to critical data across the enterprise.
Companies have invested millions in Big Data capabilities to optimize their business, and in order to unlock those insights, employees need access to that data. However, the more employees with access, the greater the risk that critical data is accidentally compromised. The consequences of human error have never been higher -- a carelessly shared password or laptop left unlocked can cost millions in fines and customer churn.
strongDM makes it easy to share data across an organization with confidence. Administrators have one platform to define when, where and how employees can see critical data. At the same time, employees enjoy the convenience of single sign-on to access data through any tool.
"strongDM proves that security and convenience are no longer mutually exclusive. It represents a new paradigm for data management that allows companies to capitalize on their investment in Big Data," said HearstLab Vice President Chris Wilkes.
"We're honored that a client of Hearst's caliber offered their support as an investor as well," said strongDM CEO and Co-Founder Elizabeth Zalman. "It's the culmination of an amazing month. Since winning the Audience Favorite award at Strata + Hadoop World, we've been overwhelmed by inbound interest and have a backlog of 28 clients waiting to deploy."
HearstLab invests in startups that are innovating in media, information or services where connectivity with any of the company's more than 360 businesses is a difference-maker for a founding team.
strongDM provides a single platform to conveniently define when, where, and how employees can access data across every tool in the company. By streamlining and centralizing access management, strongDM offers an easy-to-use solution to prevent data breaches.
Headquartered in Menlo Park, strongDM is backed by investors such as Bloomberg Beta, Data Collective, HearstLab, Laconia Capital and Neu Venture Capital among others. To learn more, visit http://www.strongdm.com/
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