AiThority Interview With Dave Sikora, CEO At ALTR
Please tell us about your current role and the technology you offer at ALTR.
I’m the CEO at ALTR, the leading provider of Data Security as a Service, which is a new integrated, cloud-native approach to creating observability around and governance of sensitive data, as well as protecting it at-rest.
Most of the technologies for the monitoring and governance of data access available today have to be implemented by IT in an infrastructure-specific way. Our approach integrates directly into application workloads, allowing security and compliance teams to collaborate directly with application owners in the business to protect sensitive data comprehensively in real time.
ALTR has just announced a significant funding round during the pandemic. How do you intend to use it?
We plan to use the fresh round of funding to continue to expand on the current momentum that we have in the marketplace, both in terms of rolling out new extensions to our products and investing more in taking them to market. In many ways, the pandemic has actually increased the focus on the need for data security and privacy.
Some of the dramatic shifts to remote work we are seeing will likely permanently reshape how the world works. This means even more tailwind behind cloud services and the trafficking of data on third party infrastructure, and an associated increase in risk to sensitive data.
How will your employees and your customers benefit from the funding round?
One of the great things about technology startups is that growth in the company not only allows us to bring greater value to our customers through continued innovation, but it also creates wonderful growth opportunities for the employees of the company. Funding just pumps more oxygen into that virtuous cycle.
What is ALTR’s current product roadmap in security services?
ALTR’s unique way of integrating at the application layer to be able to monitor and “pinch the straw” of data consumption in real-time is providing great protection across core relational databases like Oracle, SQL Server, DB2, PostGreSQL, and many more today. We are already rapidly expanding on our support for data warehouses like Snowflake, Amazon Redshift, and Google BigQuery, as well as significantly enhancing our API integration set.
Where does ALTR sit in the modern enterprise Security and Cyberthreat management landscape?
ALTR is focused on a cyber-resilience approach that sets up a zero-trust security approach at the SQL layer. Think about us as an ATM for data. Each query for sensitive data is monitored, governed, and protected in real-time in the same way that a cash withdrawal is from a bank. It’s a powerful way to address current threats, especially insider threats, but also threats that have yet to evolve.
How do you see the growing investment in AI, ML and data analytics platforms transforming business teams, especially in the Cloud and Security domains?
We very much subscribe to AI/ML and data analytics as enablers of greater scale and speed to the people across the entire enterprise, including in Cloud and Security teams. However, we often see people asking too much of the technology and in Security in particular many see it as a panacea.
Will Data security-as-a-service become the cornerstone of all Enterprise IT stacks?
Yes. Especially as more of the Enterprise IT stack moves to the Cloud while still leaving the Enterprise accountable and liable for securing their own data. The only way to secure a serverless workload, as an example, will be by integrating a security service directly into it vs. some sort of IT infrastructure-driven intervention.
Can you describe how you and the team are continuing to innovate and enhance ALTR’s product during the pandemic?
ALTR has a number of offices in the U.S., so we are well-equipped for remote work, but our company is also tight-knit so we miss spending time together. However, on the business side we continue to move ahead full speed with our agenda for making data security breaches and privacy exposures part of our history, not our future.
Tag one person whose answers you would like to read here
Satya Nadella, CEO of Microsoft. As Microsoft expands its investment in cloud services, we should be partnering so their cloud can be the most secure on the planet.
Thank you, Dave! That was fun and we hope to see you back on AiThority.com soon.
Previous CEO of 2 public and 5 private, venture capital backed software companies and have held board director positions with 4 public companies. I also executed the first Internet Software IPO in the State of Texas in 1995 and sold the company 2.5 years later for 4X our IPO value. Collectively my companies have raised over $100M in venture capital and have experienced exits and value creation events of almost $1B. Most recently, the company I founded built the first mobile e-commerce storefronts for over 50 world recognized brands, including Home Depot, Bed Bath Beyond, Godiva, UnderArmour, UGG, 1800Flowers, and many others. Geographically, I’ve directly managed teams throughout Europe and Asia and in addition to multiple M & A transactions in the US have made direct corporate acquisitions in Canada and China.
ALTR’s Data Security as a Service (DSaaS) mitigates the risk of direct access to and consumption of sensitive enterprise data. This is the first service of its kind to embed data access monitoring, governance, and at-rest protection natively at the application layer. By placing security into the critical path of data, ALTR offers a simpler, more effective security model, wherever your data is stored.