Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Compliance

Data Privacy Firm Privitar Raises $80 Million in Series C Funding Round

London-based data privacy company Privitar this week announced that it has raised $80 million in a Series C funding round, which brings the total amount raised to date to more than $143 million.

London-based data privacy company Privitar this week announced that it has raised $80 million in a Series C funding round, which brings the total amount raised to date to more than $143 million.

The latest funding round was led by Warburg Pincus, with participation from Accel, Partech, IQ Capital, Salesforce Ventures and ABN AMRO Ventures. Privitar says it will use the funds to accelerate development of its platform and support growth initiatives, including international expansion and hiring more people in sales, services and product development.

Privitar provides a data privacy and anonymisation platform that enables organizations to obtain data-driven insights without putting sensitive employee, customer and partner information at risk. The platform includes de-identification capabilities to protect data, and it allows organizations to create and apply privacy policies, and trace data provenance to reduce insider threats and conduct forensic investigations in case of a breach.

“The advent of data privacy regulations such as GDPR and CCPA, combined with the increasing importance of data analytics in the enterprise, has created a growing need for a privacy solution that protects sensitive data while still retaining its business value,” said Cary Davis, managing director at Warburg Pincus.

Davis added, “We believe that Privitar is best positioned to help companies address this challenge, with a leading platform that has been successfully deployed at some of the largest and most discerning enterprise customers across financial services, healthcare, and other industries.”

Privitar claims its annual recurring revenue has more than tripled and its employee headcount has reached 140.

The company previously raised $40 million in a Series B funding round in June 2019 and $16 million in a Series A round in July 2017.

Related: Enterprise Content Firewall Provider Accellion Raises $120 Million

Advertisement. Scroll to continue reading.

Related: Cloud Data Protection Firm Druva Raises $130 Million

Related: Data Protection Firm BigID Raises $50 Million

Related: Cloud Data Protection Firm OwnBackup Raises $23 Million

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Learn how the LOtL threat landscape has evolved, why traditional endpoint hardening methods fall short, and how adaptive, user-aware approaches can reduce risk.

Watch Now

Join the summit to explore critical threats to public cloud infrastructure, APIs, and identity systems through discussions, case studies, and insights into emerging technologies like AI and LLMs.

Register

People on the Move

Kenna Security co-founder Ed Bellis has joined Empirical Security as Chief Executive Officer.

Robert Shaker II has joined application security firm ActiveState as Chief Product and Technology Officer.

MorganFranklin Cyber has promoted Nick Stallone and Ferdinand Hamada into newly created roles.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.