LightBeam Triples Revenue and Welcomes New Vice President of Sales

Company also open-sourced its Data Trustee Maturity Model to help organizations improve their data trusteeship and won a Golden Bridge Business and Innovation Award, a pioneer in data privacy automation, has announced significant momentum following its emergence from stealth in April. Within the last quarter, LightBeam grew annual recurring revenue (ARR) by 300% quarter over quarter and hired Peter Brass as Vice President of Sales to further fuel its growth.

As one of the most widely discussed yet least understood topics, data privacy and data security sit at the intersection of business, technology, and society. It has become nearly impossible for organizations to safeguard their sensitive data given the volume, variety, and velocity at which data is getting created. A legacy, manual approach is unsustainable and is already resulting in accidental leakages and targeted breaches.

With its focus on Data Privacy Automation (DPA), LightBeam has rapidly gained customers’ trust by pioneering a unique identity-centric and automation-first approach to data security and privacy compliance. LightBeam’s self-learning AI platform is natively built to automate privacy compliance including anonymizing/redacting/tokenizing objects with sensitive customer information, and helping stay in continuous compliance for data privacy and security audits.

“A lot of the inquiries we get reflect customers’ experience with the current state of available solutions which they describe as manual, siloed, and taking months to set up,” said Jon Walton, Vice President at IMPEX Technologies, a California based leader in IT solutions. “Many of our customers appreciate LightBeam’s automation to secure their sensitive data and the simplicity with which they can get started with a time to value in minutes.”

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Peter joins LightBeam from Nutanix where most recently he was the worldwide sales leader for Nutanix’s Database as a Service product, NDB. In this role, he built and managed a global team responsible for NDB’s growth since the product’s inception and achieved consistent YoY bookings growth. Peter brings with him extensive experience in positioning innovative solutions to customers’ complex business problems.

“I was immediately captivated by LightBeam’s differentiated solution to the widespread problem of sensitive data sprawl across structured and unstructured data repositories,” stated Brass. “In my conversations with industry veterans and channel partners, it was clear that LightBeam was solving a very real business problem. With an automation-first approach, it actually mitigates any potential data exposure risks proactively making it a valuable ally for security and privacy professionals. I am looking forward to working with the channel community in helping customers leverage the elegance of LightBeam’s technology to simplify and address the challenges of data security, privacy, and compliance.”

“I have known Peter for many years, and have been amazed and impressed with his tenacity and wisdom when it comes to being on the same side of customers in every situation,” shared Bob Love, Director of Information Technologies at Bottomline Technologies. “A true advocate for his customers, and a champion for his partners, the community of data privacy and security will benefit immensely with Peter at an innovative and pioneering organization like LightBeam.”

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“We are delighted to welcome Peter to the LightBeam team,” said Himanshu Shukla, Co-founder and CEO, LightBeam. “We are at the cusp of helping create a privacy-first world. Peter’s unique ability to do what’s right for customers and partners makes him an invaluable ally for the privacy and compliance community. “

LightBeam Honored as a Globee® Business and Innovation Award Winner and Open-Sources Data Trustee Maturity Model

In validation of LightBeam’s unique offering, the company was recognized as a Globee® Winner for Governance, Risk, and Compliance innovation in the 14th Annual 2022 Golden Bridge Business and Innovation Awards.

Furthermore, continuing its journey as an active data security and privacy community leader, LightBeam has introduced the Data Trustee Maturity Model, a framework for organizations to assess their data privacy and data security readiness toward earning their customers’ trust.

“Every organization carries customer data in one or another form. Customers and consumers share their data with businesses with an unexpressed yet implied concept of data trusteeship,” said Priyadarshi Prasad, Co-Founder and Chief Product Officer at LightBeam. “What does it mean to be a data trustee? The Data Trustee Maturity Model has been designed to help organizations assess their data trusteeship maturity taking into account their privacy and security readiness, and take actions to continuously improve that.”

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