Concept: California-based cyber security startup NVISIONx has created a data risk intelligence (DRI) platform that enables companies to gain control of their enterprise data to reduce data risk, compliance scope and storage costs. The platform leverages AI and ML to analyze data in an organization's environment and identify critical assets that need security. The platform provides enterprises with insights on how to better protect private information from unauthorized persons and cyber attackers.
Nature of Disruption: The new platform provides enterprises with a centralized solution that enables them to pinpoint their most important data assets to protect, as well as clean up junk data that takes up costly storage space. This approach enables enterprises to have more control over their data. The startup claims that the new platform is enabled through automated data protection and continuous compliance monitoring. The platform enables enterprises to detect excessive or inappropriate access to data. This data loss prevention (DLP) helps reduce false alerts, traces where critical data was moved, and enables DLP blocking for all critical data. The DRI platform provides the identification of anonymized systems that store privacy data, continuous monitoring of vendors with access to personal data, and near real-time processing of requests for privacy rights. It provides stakeholders with continuous monitoring of cyber risk and compliance incidents, continuous monitoring of vendors with access to critical data, a global view of where critical data is stored, and timely risk and compliance remediation. enables to do.
Outlook: As organizations move to the cloud, the complexity of enterprise networks is increasing. Also, data protection regulations such as the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR) are imposing greater compliance demands on enterprises. As a result, securing data is becoming a challenge due to these factors. NVISIONx claims that its DRI platform enables organizations to ensure data security and also provides visibility as to the storage of sensitive data. It claims that the platform analyzes the root cause of data breaches and prevents them from happening. In January 2022, the startup raised $4.6M in a seed funding round led by CompanyOne Ventures. It aims to use the funds to expand its executive team and increase its geographic presence.