WOBURN, Mass. -- Sentrigo, Inc., an innovator in database security software, today announced it has secured $3.5 million in Series A financing from Benchmark Capital. Sentrigo is using the funds to develop and market software designed to help enterprise customers combat unauthorized database activities originating from privileged company insiders, as well as from those outside the organization. Sentrigos product is in use by early access customers in the banking, telecommunications, government, travel, managed IT services and healthcare sectors and will be generally available later this quarter.
Studies conducted by the FBI, Computer Security Institute and Carnegie Mellons CERT estimate that two-thirds of data breaches are caused by insiders. Such data suggest that the greatest threat to databases comes not from hackers, but from employees, partners and consultants who have access privileges.
Sentrigos software monitors all database activity with unprecedented granularity and is the first software product on the market to be capable of blocking intrusions and malicious attacks in real time. It is currently available to early access customers. For information on joining the Sentrigo early access program, visit www.sentrigo.com.
Also today, Sentrigo announced that Dan Sarel has joined as vice president of product management. He previously managed all enterprise products for Check Point Software Technologies and brings extensive experience working with security software and hardware.
Database breaches are becoming more frequent and more severe, said Nathan Shuchami, chief executive officer of Sentrigo. Policies, procedures and existing technologies do not sufficiently protect sensitive data against breachesespecially those linked to highly skilled insiders with access privileges. Sentrigos goal is to become the industry standard for enterprise database security by preventing these intrusions. As we ready our software for the market, we are pleased to welcome Dan and believe his deep knowledge of the security landscape will directly benefit our customers.