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Symmetry raises $18M to bolster organizations’ data security programs on August 9, 2023 at 4:00 pm

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As organizations embrace cloud services — and are forced to confront changing regulations and data use standards — their ability to maintain control of data security frequently becomes strained. If they lose that control, the consequences can be quite severe. The average cost of a data breach is about $3.86 million (per IBM), and most companies pay around $14.82 million per year for noncompliance, including noncompliance with data security policies.

So it doesn’t come as much of a surprise that there’s a strong, shared desire among organizations to invest in greater data security. Ninety-seven percent of security leaders believe that their employers will either maintain or increase their security budgets this year, according to one recent survey, while 45% say that data security has “significantly” increased for them as a priority.

The newfound attention on data security is benefitting startups like Symmetry Systems, which offers a platform that provides visibility into who has access to a company’s data and how it’s being used. Co-founded by Casen Hunger, Puneet Tiwari and Mohit Tiwari, a former cybersecurity researcher at the University of Texas, Austin, Symmetry maps out an organization’s data, helping to define policies for how data should — and shouldn’t — flow.

Symmetry provides the foundational visibility to drive developers and data team processes, to detect violations and to automate large parts of compliance reporting,” Tiwari told TechCrunch via email. “The platform not only grants deep visibility into the security posture of the data layer, it enables the management of the data permission structure to resolve gaps and identify lapses in access — allowing human analysts and leadership to focus on more pressing issues.”

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Certainly, there’s evidence that organizations struggle with data management. In a 2022 survey conducted by PulseMeter and Orca Security, 35% of companies said that their sensitive data now resides in the cloud while 27% admitted to not knowing the location of their sensitive data.

Symmetry, running in an organization’s cloud or clouds, tries to solve for this — identifying data types in data stores and unearthing possible misconfigurations related to data and user accounts. Using Symmetry, customers can adjust account access management policies on individual data objects, ensuring access is limited to those who need it and monitoring all future accesses.

Symmetry pioneered the ‘software-as-a-service, but in customer’s cloud’- deployment model in cloud data security,” Tiwari said. “The entire product resides in the customer’s environment while being updated and managed using cloud-native computing foundation tooling that’s more typically associated with classic software-as-a-service products.”

Symmetry competes with data security companies like Rubrik-owned Laminar, Open Raven, IBM’s Polar, Normalyze, Cyera, Theom and Dig as well as cloud security and privacy vendors (see Wiz, Orca, Palo Alto Networks, Securiti, BigID and OneTrust) offering data security management products.

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To attempt to differentiate itself, Symmetry is developing a large language model along the lines of OpenAI’s ChatGPT that’ll allow customers to talk through, in plain English, things like what data and which actions create a security or compliance risk and what steps can mitigate any data risk.

That’s perhaps what attracted investors to the startup. Symmetry today announced that it raised $18 million in a funding round led by OVN Capital with participation from Adit Capital, TSG and Forgepoint Capital, bringing the company’s total raised to $36 million.

“We’re building a new category of AI-enabled workflows for security and compliance in order to specifically side-step the pitfalls of overfitted AI models that end up effectively being a ‘rules engine’ with another name,’” Tiwari said.

Symmetry’s mum where it concerns specific revenue figures and customers; Tiwari declined to name any client names when asked. But Tiwari says that it’s building a “robust” federal sales program. The San Francisco-based startup employs a workforce of around 40 today, and expects to have 50 to 55 on the payroll by the end of the year.

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“The latest investment will be used to scale out Symmetry’s channel partnerships, offer a starter visibility product that clearly shows how a data-to-identity abstraction is a major leap from messy infrastructure details, and build out the second phase of cloud data security — i.e., autonomous response to threat-detections and policy-violations,” Tiwari said. “Our customers have to move to the cloud, meet increased regulations and quickly use AI and data lakes. All of these are tailwinds for us … Overall, we see money from infrastructure security being reallocated towards data security.”

​ As organizations embrace cloud services — and are forced to confront changing regulations and data use standards — their ability to maintain control of data security frequently becomes strained. If they lose that control, the consequences can be quite severe. The average cost of a data breach is about $3.86 million (per IBM), and most 

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Politics

Netanyahu’s UN Speech Triggers Diplomatic Walkouts and Mass Protests

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What Happened at the United Nations

On Friday, Israeli Prime Minister Benjamin Netanyahu addressed the United Nations General Assembly in New York City, defending Israel’s ongoing military operations in Gaza. As he spoke, more than 100 delegates from over 50 countries stood up and left the chamber—a rare and significant diplomatic walkout. Outside the UN, thousands of protesters gathered to voice opposition to Netanyahu’s policies and call for accountability, including some who labeled him a war criminal. The protest included activists from Palestinian and Jewish groups, along with international allies.

Why Did Delegates and Protesters Walk Out?

The walkouts and protests were a response to Israel’s continued offensive in Gaza, which has resulted in widespread destruction and a significant humanitarian crisis. Many countries and individuals have accused Israel of excessive use of force, and some international prosecutors have suggested Netanyahu should face investigation by the International Criminal Court for war crimes, including claims that starvation was used as a weapon against civilians. At the same time, a record number of nations—over 150—recently recognized the State of Palestine, leaving the United States as the only permanent UN Security Council member not to join them.

International Reaction and Significance

The diplomatic walkouts and street protests demonstrate increasing global concern over the situation in Gaza and growing support for Palestinian statehood. Several world leaders, including Colombia’s President Gustavo Petro, showed visible solidarity with protesters. Petro called for international intervention and, controversially, for US troops not to follow orders he viewed as supporting ongoing conflict. The US later revoked Petro’s visa over his role in the protests, which he argued was evidence of a declining respect for international law.

BILATERAL MEETING WITH THE PRIME MINISTER OF ISRAEL Photo credit: Matty STERN/U.S. Embassy Jerusalem

Why Is This News Important?

The Gaza conflict is one of the world’s most contentious and closely-watched issues. It has drawn strong feelings and differing opinions from governments, activists, and ordinary people worldwide. The United Nations, as an international organization focused on peace and human rights, is a key arena for these debates. The events surrounding Netanyahu’s speech show that many nations and voices are urging new action—from recognition of Palestinian rights to calls for sanctions against Israel—while discussion and disagreement over the best path forward continue.

This episode at the UN highlights how international diplomacy, public protests, and official policy are all intersecting in real time as the search for solutions to the Israeli-Palestinian conflict remains urgent and unresolved.

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Is a Nuclear-Powered Alien Spacecraft Flying Toward Earth?

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A mysterious interstellar object speeding through our solar system has reignited debates about extraterrestrial technology — and whether Earth might currently be under quiet observation.

The object, known as 3I/ATLAS, is only the third confirmed interstellar visitor ever detected. Unlike ordinary comets, however, this cosmic traveler has baffled astronomers with its unusual brightness, strange trajectory, and lack of a visible cometary tail. While most scientists cautiously describe it as a natural body, one leading astrophysicist believes something much stranger is at play.

Harvard Scientist’s Bold Claim

Professor Avi Loeb of Harvard University, head of the Galileo Project, has suggested that 3I/ATLAS may in fact be a nuclear-powered alien spacecraft designed to test how humanity would respond to an interstellar visitor. He argues that its flight path is improbably precise, bringing it close to Mars, Venus, and Earth — a pattern highly unlikely to occur by chance.

Loeb also points out that telescope images show a glow inconsistent with ordinary dust behavior. Instead of trailing behind like a comet, the halo-like light appears to extend in unusual ways, sparking debate about whether the object could be emitting energy of its own.

Headed Toward Earth’s Neighborhood

3I/ATLAS is expected to make its closest approach in late 2025, passing near Mars before swinging by the inner solar system. Although Earth itself will be on the opposite side of the Sun when it comes closest, the alignment will still enable space-based observatories to capture sharper data.

Loeb has called on NASA and other agencies to use spacecraft already stationed near Mars or Jupiter — including the Juno mission — to take high-resolution photographs. He believes such efforts could reveal whether the interstellar object is truly natural, or the first technological probe humanity has ever encountered.

Should We Be Worried?

While most astronomers argue caution before jumping to alien conclusions, Loeb insists that scientific openness is key. “If it’s just a comet, we learn something new,” he said. “But if it’s a spacecraft, it would be the most important discovery in human history.”

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For now, 3I/ATLAS remains a mysterious speck on astronomers’ charts, drifting closer with each passing day. Whether it proves to be a frozen remnant of another star system or something far more advanced, the interstellar visitor has already succeeded in one mission: reminding us how vast and unpredictable the universe really is.

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AI Automation Could Cause Up to 20% Unemployment—A Workforce on the Brink

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Stark Warning from Anthropic CEO Highlights Rapid Job Displacement Risk

The looming threat of widespread unemployment due to AI automation has sparked intense debate among experts, business leaders, and policymakers. Dario Amodei, CEO of Anthropic—the company behind the influential AI language model Claude—issued a stark warning that has sent shockwaves through corporate America:

“Up to half of all entry-level white collar jobs could disappear within the next one to five years, potentially pushing unemployment rates as high as 20% during this period.”

This dramatic forecast paints a picture of a rapid and unsettling transformation in the workforce, driven by AI technologies that can perform complex cognitive tasks.

Balancing Predictions: Worst-Case Scenarios vs. Moderate Impact

However, this forecast represents one end of a spectrum of expert predictions. While Amodei’s warning highlights the worst-case scenario driven by the swift adoption of AI agents capable of coding, analyzing data, drafting legal documents, and managing workflows around the clock, other analyses suggest a more moderate impact. For example, Goldman Sachs estimates that AI could temporarily displace about 6-7% of U.S. jobs, with unemployment rising by approximately half a percentage point during the adjustment period. Their research anticipates a more gradual transition with a mixture of job disruption and creation.

The Unprecedented Speed and Scope of AI-Driven Job Disruption

The truth likely lies somewhere in between. AI is advancing at unprecedented speed, and the scope of jobs affected spans far beyond blue-collar roles to white-collar positions that required college degrees and years of training. Entry-level roles such as customer service representatives, data entry clerks, junior analysts, and administrative assistants face the greatest near-term risk. Mid-level roles in accounting, marketing, law, and engineering could soon follow, with companies already laying off workers citing AI-driven efficiencies.

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Preparing for an AI-Transformed Workforce: Adaptation Is Essential

Ultimately, the AI-driven job transformation is no longer a distant prospect but unfolding now. Whether unemployment spikes to 20% or stabilizes at lower levels depends on many factors, including business adoption rates, government policies, and the ability of workers to reskill. What is certain is that the workforce of tomorrow will look very different from today—and the time to prepare is right now.

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