Proofpoint acquires data security startup in Singapore





Proofpoint has acquired Dathena, a Singapore-based data security startup, to bolster its data loss prevention (DLP) capabilities amid the rising tide of ransomware attacks.

Dathena provides artificial intelligence (AI)-based tools to help organizations automatically classify and manage data, with 99% accuracy in data classification and an 80% reduction in information security operational costs.

Proofpoint CEO Gary Steele said the integration of Dathena’s AI engine into Proofpoint’s DLP solutions will provide organizations with “unmatched data protection and help them meet their challenging internal and regulatory compliance requirements.”

In particular, organizations will be able to automatically discover and classify data in real-time and better understand information risk with industry-specific and custom AI and machine learning-driven data classification models.

Alex Lei, Proofpoint’s senior vice president for Asia-Pacific and Japan, said: “We are delighted to welcome Dathena to Proofpoint. This acquisition reinforces Proofpoint’s commitment to innovation and growth and increases our investment in the Asia-Pacific region.”

Dathena founder and CEO Christopher Muffat said that joining Proofpoint will enable the company to fulfill its mission to protect the data and privacy of organizations around the world.

“I am incredibly proud of what we have achieved as a team through our unique technology and many innovations that enable better data protection. By partnering with Proofpoint, we will reach thousands of new customers while continuing to build trust in a digital world,” he added.

In May 2020, Dathena closed a $12 million Series A financing round led by Jungle Ventures, with the participation of CapHorn and Seeds Capital, an investment arm of Enterprise Singapore, a government agency committed to enterprise development. Existing investors Cerracap Ventures and MS&AD Ventures also participated in that round.

Dathena said at the time the money would be used to expand its R&D efforts and grow its North American business. It claimed to have more than 200,000 users in sectors such as financial services, healthcare and defense.




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