Formal

Formal is a data governance company that helps businesses protect their data and stay compliant with data privacy regulations. The company empowers engineering and security teams to automate and scale data access control across their entire data infrastructure. Formal's core product is a centralized platform that decouples access controls from data stores, providing automated access workflows, dynamic masking, and security controls. This platform offers continuous data discovery and classification, query-level visibility, and detection of sensitive data like PII (Personally Identifiable Information) and PHI (Protected Health Information). Formal serves clients in various industries that require stringent data security and compliance measures, including finance, healthcare, and technology sectors. The business model is likely subscription-based, where clients pay for access to the platform and its features. Formal makes money by offering different tiers of service, possibly including premium features for advanced security and compliance needs.

Keywords: data governance, access control, data privacy, security policies, dynamic masking, automated workflows, data discovery, PII detection, PHI detection, compliance.