Immuta, the automated data access and security company, is establishing its European headquarters in London to better serve its growing customer base in the UK, France, Italy, Germany, and Sweden. Immuta’s growing base of European customers includes Roche, Swedbank and Billie.
With its recently announced Series E funding, Immuta will continue to grow and support its sales, solutions, and customer success teams across Europe in an ongoing mission to meet growing global demand and deepen strategic partnerships within the region.
This will be critical as organisations put more resources toward data security platforms. A recent Gartner report titled Innovation Insight for Data Security Platforms reveals that “at least 70 per cent of [data security platform (DSP)] expenditure will go to vendors of DSPs with broad capabilities” by 2027, and recognises Immuta as one such vendor.
“As global organisations continue to migrate data to the cloud in unprecedented volumes, they will face the challenge of providing access to data at scale, while ensuring it is done securely and in accordance with rules and privacy regulations,” says Immuta’s CEO, Matthew Carroll.
“Immuta’s data teams in the EMEA region can now provide automated data access control at scale across the leading cloud data platforms,” added Carroll.
Data-driven organisations use Immuta’s Data Access Platform to speed time-to-data, safely share more data with more users, and mitigate the risk of data leaks and breaches. It ensures that users have access to the right data at the right time, as long as they have the rights.
Colin Mitchell, Immuta’s general manager for EMEA, has vast experience in the international data space, and will continue growing the team and driving forward Immuta’s mission to address the data security and privacy concerns felt by European businesses.
“We are delighted to expand our presence in Europe, as well as other key regions around the globe,” says Mitchell. “Our European and Australian presence really mark our commitment to our international customers and will help us address the growing demand for scalable data access that we’ve witnessed working with businesses across Europe.”
Immuta recently partnered with Nordic-Baltic based Banking Group Swedbank, one of the largest banks in Sweden and the third largest in the Nordics. The bank’s data team chose to integrate Immuta with its existing Databricks Lake architecture in order to execute its “Enterprise Analytics in the Cloud initiative,” and move its on-premises Hadoop-based data lake to the cloud.
Vineeth Menon, head of data lake engineering at Swedbank, said: “This strategic decision is enabling us to drive business innovation, improve data-driven decision making, reduce costs, and enhance the customer experience, while mitigating risk and adhering to compliance and regulatory standards.”
Immuta has also worked with Billie, the Berlin-based fintech company, to help the company speed up access to data ten-fold and double the usage of data across the company. A spokesperson from Billie said: “Immuta has given us significant acceleration. But, it’s not just about time. It’s about simplicity and granularity. Immuta gives us a precise instrument in our toolbox to explicitly see and grant access to data. It’s a great addition to our modern data stack.”
Image and article originally from thefintechtimes.com. Read the original article here.