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DataGrail Raises $45 Million for Data Privacy Platform

Data privacy platform DataGrail this week announced that it has raised $45 million in a Series C funding round that brings the total raised by the company to $84.2 million.

Data privacy platform DataGrail this week announced that it has raised $45 million in a Series C funding round that brings the total raised by the company to $84.2 million.

The new investment round was led by Third Point Ventures, with participation from Cloud Apps Capital, Felicis Ventures, Next47, Operator Collective, Sixty Degree Capital, and Thomson Reuters Ventures.

Founded in 2018, the San Francisco-based firm provides a data privacy solution that creates an automated map of all business systems within an organization, to provide visibility into the data footprint and to help optimize privacy practices and reduce risks.

DataGrail says its solution also improves privacy and security by storing sensitive data securely in the cloud, by encrypting data at rest using AES-256, and by providing customers with full control over the data.

The company also boasts of having organizations such as Salesforce, Instacart, New Balance, Skillshare, and MyFitnessPal as customers.

DataGrail says it has increased its employee base by more than 100% over the past year and that it continues to hire aggressively.

Related: Oort Raises $15 Million for Identity Threat Detection and Response Platform

Related: Cyberinsurance Startup Elpha Secure Raises $20 Million

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Related: Quantum-Safe Communications Startup Qunnect Raises $8 Million

Related: RealDefense Raises $30 Million to Acquire More Privacy, Cybersecurity Firms

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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