Tenable To Acquire Cloud Data Security Startup Eureka

Eureka specializes in the fast-growing segment of data security posture management for the cloud.

Tenable unveiled a deal Thursday to acquire Eureka Security, a startup focused on providing data security posture management (DSPM) for the cloud.

DSPM is a fast-growing segment within security and Tenable joins several other major cybersecurity vendors in making a move to expand into the area.

[Related: All Eyes Are On Accelerating Data Security]

Terms of the acquisition, which is projected to close this month, were not disclosed. Founded in 2021, Eureka had raised at least $8 million in funding from investors including YL Ventures. CRN has reached out to Tenable to inquire about how many employees from Eureka will be joining.

In the same way that cloud security posture management (CSPM) can rapidly provide a view into cloud infrastructure misconfigurations, DSPM provides visibility into the locations and security of data stored in an organization’s cloud environments.

Tenable said the technology from Eureka will bolster its CNAPP (cloud-native application protection platform) by helping to “identify key evidence related to cloud data risk, including where sensitive data resides in the cloud, who has access to that data and the severity of the risk posed by potential data compromise.”

The DSPM capabilities join the Tenable platform that already offers CSPM, cloud workload protection and CIEM (cloud infrastructure entitlement management). Tenable has assembled some of these capabilities through previous M&A, including the $265 million acquisition of Ermetic last fall.

DSPM can provide a basis for locking down the data in the cloud at a time when cybercriminals and nation-state hackers alike are increasingly focusing on data theft, experts have told CRN.

For many organizations, DSPM represents a way to extend strong data security practices from on-premises environments into modern cloud-based architectures, said Mir Kashifuddin, data risk and privacy leader at PwC US, in a previous interview with CRN.