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Varonis Systems

Varonis Systems

Varonis Systems is a New York City-based cybersecurity company providing solutions for data governance for financial services, healthcare, energy, manufacturing, and technology companies.

Varonis Systems is a software company with headquarters in New York City with R&D offices in Herzliya, Israel. They developed a security software platform that allows organizations to track, visualize, analyze and protect unstructured data. Varonis performs User Behavior Analytics (UBA) that identifies abnormal behavior from cyberattacks. Their software extracts metadata from an enterprise's IT infrastructure and uses this information to map relationships among employees, data objects, content, and usage.

History

Varonis Systems was founded in 2005 by Yaki Faitelson and Ohad Korkus, in order to address security issues such as file activity tracking, information rights management, and access control. Prior to Varonis, Faitelson and Korkus worked at the global professional services and systems integration divisions of NetVision and NetApp.

Faitelson and Korkus invented a solution that would retrieve metadata contained in file systems. They brought in Dr. Jacob Goldberger, an expert in statistical modeling and machine learning, to help develop the algorithms that would provide the user-data link. In 2005, Faitelson, Goldberger, and Korkus filed a patent, “Automatic management of storage access control, which was granted in 2006. The result of their work was the Intelligent Data Use (IDU) classification platform, a platform for gathering and analyzing file data use. The first product based on this platform, DatAdvantage, was released in 2006 - built so that enterprises can monitor file activity and user behavior, and manage data ownership, data access rights, and responsibilities of file system data.

Varonis continued with core platform development. In 2009, Varonis added the IDU Classification Framework, which allowed Varonis products to search for keywords, phrases and patterns from file content. In 2013, Varonis released DatAlert to detect and uncover insider threats and potential data breaches, notifying and alerting on suspicious file system activity including unusual access to sensitive data and changes to permissions and configuration files.

Varonis raised capital from Accel Partners, Evergreen Venture Partners, Gitano Venture Capital, and EMC.

Technology and Architecture

The Varonis Metadata Framework is implemented at two levels. Non-intrusive monitoring resides on file servers, feeding both real-time file event information and ACLs to a separate server. The collected data is stored in a database. The second part, the IDU analytics engine, performs statistical analysis to derive data owners, baseline user activity, and user groupings. The Metadata Framework is able to incrementally index file metadata, thereby allowing it to maintain the current state of file metadata in its database. DatAdvantage presents this information to IT administrators. As of April 30, 2016, Varonis had 28 issued patents in the United States and 43 pending U.S. patent applications.

Supported Platforms
  • Windows
  • UNIX/Linux (but no DatAnywhere client)
  • SharePoint
  • Exchange
  • Office 365
  • Active Directory/LDAP
  • EMC NAS
  • NetApp NAS
  • HP NAS
  • Hitachi NAS
  • IBM Storewize V7000

Customers
  • EMC2
  • Barclays Capital
  • Phillip Morris
  • Boston University
  • Sirius XM Radio

Awards
  • Fast 50 Reader Favorites of 2008
  • Network World – 10 enterprise software companies to watch

Timeline

May 8, 2006
Varonis Systems raises a $10,140,000 series B round from Accel Partners and Pitango Venture Capital.
January 1, 2004
Varonis Systems was founded by Ohad Korkus and Yaki Faitelson.

Funding rounds

Patents

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
Will Daniel
April 26, 2021
markets.businessinsider.com
Wedbush says cybersecurity spending will increase by more than 20% in 2021 amid a push to move workloads to the cloud.
Alex Scroxton
November 17, 2020
ComputerWeekly.com
Financial services organisations hold so much data that it is becoming virtually impossible to safeguard properly against data breaches caused by malicious or careless employees

References

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