Funding, Tech News

Immuta Inc. Gains Silicon Valley Investor, Valued at $1 billion

Immuta data security startup, Midwest startups, Ohio tech startups

Immuta Inc., a newly minted unicorn tech startup in the Drive Capital LLC and Ohio Innovation Fund portfolios, has added a new publicly traded Silicon Valley enterprise software maker as an investor.

ServiceNow Inc. (NYSE: NOW) has joined in an extension of 2022’s $100 million Series E round. NightDragon led the original round closed in June, which values the new cybersecurity company at $1 billion.

Immuta is Based in Boston with a Columbus arm. The company works in data security via a platform SaaS offering. Customers already include Mercedes-Benz Group, Blue Cross Blue Shield, S&P Global and Sony. Immuta will use the funding to grow its cloud offering with further product innovation and to deepen strategic partnerships in the cloud data ecosystem.

“ServiceNow is committed to investing in leading technologies that drive secure digital transformation outcomes,” said Lou Fiorello, vice president and general manager of security products at ServiceNow. “Immuta has proven itself to be a clear leader in data security and we see Immuta’s product innovation and platform as enablers for organizations to maximize the value of their cloud investments.”

“Immuta built excellent momentum in 2022 and continued to establish itself as a leading SaaS solution for data security over the past year,” said Matthew Carroll, CEO of Immuta. “I’m proud of our continued growth on all fronts – financial, partnerships, employees, customers, products, and geographies – as it illustrates our tried and true product, innovative teams, enthusiastic customer support, and strong company culture. This momentum, fueled by additional funding from ServiceNow, will help launch Immuta into our next phase of growth and meet the growing data security demands we’re seeing from our customers.” 

Cloud data partners include Databricks, Amazon Redshift, Snowflake, Google BigQuery, Azure Synapse and Starburst.

March 3, 2023

About Author

laurakcowan Laura K. Cowan is a tech editor and journalist whose work has focused on promoting sustainability initiatives for automotive, green tech, and conscious living media outlets. A deep study of narrative journalism, storytelling and sustainable technology allows Ms. Cowan to draw out the meaningful stories of best practices from diverse professionals in an exploration of the culture and trends in emerging industries. She is currently Co-Founder and Executive Editor of Midwest tech news blog Cronicle Press. Ms. Cowan’s writing and speaking have appeared with Automobile Quarterly, Writer Unboxed, Inhabitat, CNBC, The Ann Arbor Observer, and The National Society of Newspaper Columnists.

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