With the advent of data privacy regulations including GDPR and CCPA along with the growing importance of data analytics, there is an increasing need for a privacy solution that will protect sensitive data without comprising on its business value. One such startup that helps companies address this challenge is Privitar.
Established in 2014 by Jason du Preez and John Taysom in London, Privitar has its regional headquarters in Singapore and Boston and a development centre in Warsaw and operates throughout the US and Europe. It is a leading platform that has been successfully deployed by many large enterprise customers across healthcare, financial services, and other industries.
Several global organisations rely on Privitar to protect the sensitive personal data of their customers and deliver comprehensive data privacy that lets them extract maximum value from the data they gather, manage, and use.
Secures €73.3M Series C funding
The London-based leading data privacy platform provider Privitar has just announced that it secured $80 million (nearly €73.3 million) Series C funding led by Warburg Pincus, which is a global private equity firm focused on growth investing. The other participants in the funding round are IQ Capital, Partech, Accel, Salesforce Ventures, and ABN AMRO Ventures.
Back in June 2019, Privitar raised $40 million (nearly €36.7 million) Series B funding from Accel. With the funding, the London-based startup intends to accelerate the development of its data privacy platform, support key growth initiatives, fuel innovation, and focus on international expansion. Also, it wants to increase hiring across various teams such as services, sales, product development, and other business areas.
“The Privitar platform enables our customers to unlock and use their data to create better products and services while minimizing friction and risk,” said Jason du Preez, CEO of Privitar. “Large enterprises in regulated industries like financial services and healthcare have been early adopters of data privacy solutions, but all companies should look for ways to use data more safely and more effectively. Managing sensitive data at enterprise scale and complexity is a real challenge for even the most sophisticated data organizations. By automating the enforcement of data protection strategies, Privitar’s platform makes this achievable in any data-driven organization. We are excited to partner with Warburg Pincus as we continue to pioneer the category.”
It’s been quite successful!
Privitar works with leading enterprise customers including HSBC, Citi, AstraZeneca, and the UK’s National Health Service. It lets them manage and automate the enforcement of data privacy policies on modern platforms. It announced strong results last year as follows.
Privitar witnessed over triple the annual recurring year-over-year revenue and increased its global headcount by 80% taking its overall employee count to 140. Also, the company opened new offices in Singapore, Boston, Austin, and Warsaw to support global customers.
Recently, this company was selected as one of the Future Fifty firms by Tech Nation and is ranked by the 9th fastest growing tech company in the UK by Deloitte’s Technology Fast 50.
Main image picture credits: Privitar
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