About Polar Security
Polar Security is a company based in San Jose (United States) founded in 2021 by Roey Yaacovi and Guy Shanny was acquired by IBM in May 2023.. Polar Security has raised $8.5 million across 1 funding round from investors including IBM, Glilot and IBI Tech Fund. Polar Security operates in a competitive market with competitors including Lacework, Arctic Wolf, Balbix, Qualys and Stream, among others.
- Headquarter San Jose, United States
- Founders Roey Yaacovi, Guy Shanny
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Funding Insights of Polar Security
Polar Security has successfully raised a total of $8.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $8.5 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $8.5M
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First Round
First Round
(19 Jan 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2022 | Amount | Seed - Polar Security | Valuation | Glilot Capital Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Polar Security
Polar Security has secured backing from 7 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include IBM, Glilot and IBI Tech Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Limited information is provided about Glilot's activities.
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Founded Year | Domain | Location | |
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Early-stage investments in Israeli B2B technology startups are provided.
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Founded Year | Domain | Location | |
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Hybrid cloud and DevOps automation are delivered to enterprises.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Polar Security
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Polar Security
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Polar Security Comparisons
Competitors of Polar Security
Polar Security operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lacework, Arctic Wolf, Balbix, Qualys and Stream, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-driven cloud security posture management is offered.
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| domain | founded_year | HQ Location |
Cloud security posture management platform
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| domain | founded_year | HQ Location |
AI based security risk posture assessment platform
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| domain | founded_year | HQ Location |
Cloud security solutions are offered for vulnerability management and compliance.
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| domain | founded_year | HQ Location |
Platform offering software to produce live streaming events
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| domain | founded_year | HQ Location |
Cyber threats are monitored and managed via intelligence platforms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Polar Security
When was Polar Security founded?
Polar Security was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Polar Security located?
Polar Security is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Who is the current CEO of Polar Security?
Guy Shanny is the current CEO of Polar Security. They have also founded this company.
Is Polar Security a funded company?
Polar Security is a funded company, having raised a total of $8.5M across 1 funding round to date. The company's 1st funding round was a Seed of $8.5M, raised on Jan 19, 2022.
What does Polar Security do?
Polar Security was founded in 2021 in San Jose, United States, within the cyber security sector. A platform is offered to automate visibility, security, and compliance for cloud data. Protection is extended to cloud-native data stores and shadow data across public cloud environments. Additional solutions address prevention of data exposure, detection of data flow changes, and mitigation of compliance violations. Operations focus on enhancing data governance in multi-cloud setups.
Who are the top competitors of Polar Security?
Polar Security's top competitors include Lacework, Balbix and Arctic Wolf.
Who are Polar Security's investors?
Polar Security has 7 investors. Key investors include IBM, Glilot, IBI Tech Fund, Jim Reavis, and Tim Belcher.
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