Dasera – Why Sierra Ventures Invested

We’re excited to announce Sierra Ventures’ lead investment in Dasera’s $6M Seed Financing.

Dasera is changing the way security, privacy, and compliance are managed in the data lifecycle. Although corporate perimeters are now fairly secure, there are large volumes of data interactions occurring internally every second. This leaves security teams with questions such as: 

  • Who used the data?
  • What policies were applied?
  • Where did the data go?
  • How is data being used?

This is where Dasera comes in. Dasera’s platform automatically discovers cloud data stores, identifies misconfigurations, analyzes permissions, classifies sensitive fields, monitors how sensitive data is actually used, and tracks data lineage.

The Dasera team is led by Ani Chaudhuri, Co-founder & CEO, who comes to the table with years of entrepreneurial experience. He’s a fourth-time founder having sold his previous companies to HP, Declara, and Reliance. Dr. Noah Johnson, Co-founder & CTO, built the core technology based on his research at UC Berkeley and understands the security market incredibly well. David McCaw, the company’s newest executive team member, joined as Vice President of Sales to accelerate Dasera’s vision. David comes from RedLock, a Sierra portfolio company that was acquired by Palo Alto Networks.

Dasera has the ability to fundamentally change the market. Instead of simply tracking who has access to specific data, Dasera focuses on understanding how the data is being used. Every engineer or data scientist globally has access to and uses data through a series of queries. Dasera’s product helps identify risks in the queries, provides context on how exactly the data is being used and can determine if the data use is compliant and/or secure. Existing DLP or encryption solutions are not typically equipped to deal with cloud data at this scale, so the Dasera solution can have a large impact on day-to-day operations.

Dasera Lifecycle Graphic
Image provided by Dasera.

Sierra Ventures is thrilled to lead this round of financing and partner closely with existing investors Saama Capital and Sand Hill Angels. Together, our goal is to help Dasera make data lifecycle security a non-issue for any organization!

Learn more about other New Investments and Sierra Ventures Portfolio Companies.

Mark began his career as part of the founding team of a display company, followed by product roles at Seagate and Cisco. After his MBA, he was a Wall Street research analyst covering the software sector at Robertson Stephens and Merrill Lynch. He joined Sierra Ventures in 2002 and focuses primarily on software. Some of his prior investments include Sourcefire (IPO; M&A – Cisco $2.7B) and significant M&As by leading tech companies like Microsoft, Cisco, VMWare, Palo Alto Networks, Telstra, and more. Mark holds a BS from Mangalore University (India), a MS from UC Berkeley, and a MBA from Harvard University.

Tej joined Sierra Ventures in 2020 and focuses on investments in AI/ML, Security, and Consumer. Prior to joining Sierra, Tej invested in early-stage startups at VMware within its Corporate VC team. He also has an operational background in deal sourcing and business development having led efforts in those areas at RedLock (acquired by NYSE: PANW) and with the NBA’s Brooklyn Nets. Tej is wrapping up a BS in Business from Boston University with concentrations in Strategy, Innovation, and Entrepreneurship. Outside of work, Tej enjoys globetrotting, shooting hoops, and sipping fine wine!

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