Garrett Bekker is a Principal Research Analyst in the Information Security Channel at 451 Research, a part of S&P Global Market Intelligence. He has viewed enterprise security from a variety of perspectives over the past 20 years. Garrett started his career in security as an equity research analyst at several investment banking firms, most recently Merrill Lynch, where he covered information security, infrastructure software and networking companies. Garrett has also worked with early stage enterprise security vendors in sales and marketing roles, including Bat Blue (acquired by OPAQ Networks). Prior to joining 451 Research, he also worked at a boutique investment bank focused on M&A and fundraising for small-to-midsized technology companies.
While the impact of generative AI was pervasive at RSA 2023, it was far from the only trend in evidence. Our analysts relate their impressions of data security and privacy, application security, identity, and cloud and SaaS security at RSA that capitalized on pervasive increases in security spending.
The company is one of several startups looking to take on the authorization challenge. It has developed a graph-based authorization platform that focuses specifically on authorization to data in SaaS applications, on-premises and custom apps, and data systems in hybrid, multicloud environments.
The company has steadily expanded its capabilities beyond its initial foray into zero-trust network access to become a full-fledged security service edge provider. Banyan's recent moves include the addition of internet threat protection and the ability to secure access to cloud and SaaS apps.
While much of the recent focus in access control has been on authentication, a handful of startups have emerged to tackle the problem of authorization head-on. SGNL has come to market with a centralized, policy-based data authorization layer that removes the need to do authorization separately for each application.
The company has raised $205 million in new funding led by AB Private Credit Investors (a unit of AllianceBernstein). The latest round brings the total invested in Saviynt to $375 million. Its roots are in IGA, where Saviynt has competed most directly with SailPoint Technologies.
The cloud security startup began as a pure-play provider in the CIEM niche. Ermetic has now announced new infrastructure-as-code scanning and cloud workload protection capabilities, as it stakes its claim to the broader, more competitive cloud-native application protection platform market.
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