DataGuard, the German privacy and compliance Software-as-a-Service company raises $20 million (approx €18.2 million) in expansion capital from London-based growth investor One Peak.
With the funding, DataGuard is looking to capitalise on its strong growth momentum and further expand its customer base across key geographies in Europe and the Americas.
DataGuard Co-Founder Thomas Regier said:
Millions of companies are striving to comply with privacy regulations, such as GDPR or CCPA. We are excited to partner with One Peak to help many more organizations across the globe become and remain privacy compliant. Our Privacy-as-a-Service solution provides customers with access to a proprietary full-stack platform and services from a dedicated team of data privacy experts. This enables customers to gain insights into their data processing activities and to operationalize privacy and compliance across their entire organization.
For the uninitiated, DataGuard analyzes its customers’ data processing activities and enables them to make better decisions around privacy compliance, providing them with the ability to modify their IT infrastructure and internal processes.
Headquartered in Munich, this platform enables more than 1,000 customers – ranging from small and medium-sized businesses (SMBs) to multinational enterprises – to become and remain compliant with national and international privacy regulations.
DataGuard Co-Founder Kivanc Semen adds:
We have a truly horizontal product that has the potential to become an integral part of the tech stack in enterprises and SMBs alike. We will use the funding to deliver on our product roadmap. We will achieve this in two ways: By increasing automation levels through improvements of the machine learning capabilities in our privacy software suite and by speeding up our development of new product categories.
This German company operates across a broad range of industry verticals such as industrials, technology, professional services, healthcare, finance, and government.
Main image credits: DataGuard
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