Eureka Security Recognized as Technology Pioneer by World Economic Forum
● Eureka named among World Economic Forum’s 100 most promising Technology Pioneers of 2022.
● Eureka enables global businesses to rapidly migrate their data to the cloud securely and in compliance with developing data protection regulations.
● Eureka raised an $8M seed round in January, led by YL Ventures with participation from renowned security executives and serial entrepreneurs.
● Eureka among a growing list of women-led companies to gain recognition by the World Economic forum.
TEL AVIV, Israel, May 10, 2022 – Eureka Security, an Israeli start-up securing enterprise cloud data growth, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”.
“We’re excited to welcome Eureka to our 2022 cohort of Technology Pioneers,” says Saemoon Yoon, Community Lead, Technology Pioneers, World Economic Forum. “Eureka and its fellow pioneers are at the forefront of industries that are critical to solving some of our world’s most complex issues today. We look forward to their contribution to the World Economic Forum in its commitment to improving the state of the world.”
60% of enterprise data is now stored in the cloud. The proliferation of cloud data stores, as well as the rise of social engineering and cryptocurrencies, has brought on a new wave of security threats and attacks. This includes the recent Lapsus$ breach of Okta, Microsoft and Nvidia. According to Eureka CEO and co-founder Liat Hayun, “Security teams are struggling to gain visibility and control over this new problem with old approaches. All the while, sensitive company data is at risk of leaks, loss, destruction and exfiltration. By offering the tools required for full cloud data storage security without requiring deep expertise or manual overhead, security leaders can leverage unprecedented control over these assets without having to choose between security interests and business goals.”
Widening data security gaps are leading to increased market interest in data security. This January, Eureka raised an $8M seed round led by YL Ventures with support from industry luminaries such as Edna Conway (VP, Security & Risk Officer, Azure Hardware Systems & Infrastructure at Microsoft), David Hannigan (Director of Product Security Assurance at Google Cloud), Andy Ellis (Former CSO at Akamai Technologies), Maarten Van Horenbeeck (CISO at Zendesk), Assaf Rappaport (CEO at Wiz) and Ben Bernstein (Former CEO at Twistlock, acquired by PANW).
The Eureka Cloud Data Security Posture Management platform offers global businesses visibility and tools to control the proliferation of data in cloud stores— sensitive personal, financial, operational, information, IP and trade secrets, as well as a means to comply with complex regulations. This is a growing area of interest in an age following the near-complete digital migration of global enterprises, a strong consideration in the World Economic Forum’s selection process.
With Eureka’s selection as Technology Pioneer, Hayun will be invited to participate at World Economic Forum activities, events and discussions throughout the year. Eureka will also contribute to Forum initiatives over the next two years, working with global leaders to help address key industry and societal issues.
Eureka’s selection also marks growing representation of women-led companies recognized by the World Economic Forum, who make up over a third of this year’s Technology Pioneers. This is well above the true representation of women-led companies in the wider hi-tech industry.
About Eureka: The Eureka Cloud Data Security Posture Management platform enables security teams to successfully navigate the ongoing and often chaotic expansion and growth of cloud data. Eureka automatically discovers entire enterprise cloud data store footprints, data store content and security and compliance risk while continuously monitoring, improving and communicating cloud data security posture and compliance. With Eureka, enterprise users are free to store, access and leverage data with guardrails that don’t interfere with business agility and operations, while security stakeholders are empowered to implement change rapidly and non-intrusively.
About World Economic Forum: The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org). The World Economic Forum provides the Technology Pioneers community with a platform to engage with the public- and private-sector leaders and to contribute new solutions to overcome the current crisis and build future resiliency.
About the Technology Pioneers: The World Economic Forum believes that innovation is critical to the future well-being of society and to driving economic growth. Launched in 2000, the Technology Pioneer community is composed of early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society.
● The full list of this year’s Technology Pioneers is available here: http://wef.ch/techpioneers22
● More information on past winners, information on the community and the application link can be found here.