Monoly provides a secure data management solution that allows enterprises to store and control their SaaS data in a private cloud environment, ensuring compliance with evolving data sovereignty regulations. By enabling exclusive data control and facilitating safe sharing without intermediaries, Monoly mitigates risks associated with data exposure and unauthorized access.
Funding
$12.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Enterprises face increasing challenges in maintaining control and security over their data when using SaaS applications, particularly with evolving data sovereignty regulations. Storing sensitive data on third-party SaaS servers can lead to compliance risks, potential data exposure, and difficulties in adhering to specific regional or national data governance policies.
Solution
Monoly offers a secure SaaS gateway that enables enterprises to maintain exclusive control over their SaaS data by storing and managing it within their own private cloud environment. The Monoly Enclave technology transfers SaaS data to a secure data repository chosen by the customer, ensuring that sensitive information is not stored on SaaS provider servers. This approach allows organizations to enforce their own data access policies, securely share data with partners, and comply with data sovereignty requirements while retaining the convenience of SaaS applications. Monoly also provides features for preventing malware and controlling external data inflow through SaaS, integrating with isolation environments for enhanced security.
Target Audience
Monoly is designed for global enterprises, particularly those in highly regulated industries or with strict data sovereignty requirements, that need to maintain control and security over their SaaS data.
Features
- Secure SaaS Gateway (Monoly Enclave) for connecting to and utilizing SaaS applications more securely.
- Exclusive data storage within the customer's chosen cloud environment, ensuring data does not reside on SaaS servers.
- Granular data management with the ability to apply enterprise-specific data access policies.
- Secure data sharing capabilities for controlled collaboration between affiliates using the same SaaS applications, with full audit trail.
- Prevention of SaaS data exposure by moving and storing data in a secure data repository within the customer's preferred virtual private cloud environment.
- Control over malware and inappropriate data inflow that may enter the corporate network through SaaS, with integration to isolation environments.
- Comprehensive auditing and visibility for easy compliance with regulatory requirements.
- Control over cloud vendor and storage location, allowing data generated during SaaS usage to be stored in the enterprise's chosen cloud (vendor and region).