Cybersecurity Funding

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.

Ionut Arghire

October 13, 2022

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.

Written By Ionut Arghire

Ionut Arghire is an international correspondent for SecurityWeek.

Latest News

Click to comment

Mapping Threat Intelligence to the NIST Compliance Framework Part 2

How threat intelligence is critical when justifying budget for GRC personnel, and for threat intelligence, incident response, security operations and CISO buyers.

Landon Winkelvoss

Password Dependency: How to Break the Cycle

Hackers rarely hack in anymore. They log in using stolen, weak, default, or otherwise compromised credentials. That’s why it’s so critical to break the password dependency cycle. But how can this be done?

Torsten George

Why CISOs Make Great Board Members

Cybersecurity-related risk is a top concern, so boards need to know they have the proper oversight in place. Even as first-timers, successful CISOs make for successful board members.

Galina Antova

A Change in Mindset: From a Threat-based to Risk-based Approach to Security

A threat-based approach to security often focuses on a checklist to meet industry requirements but overlooked the key component of security: reducing risk.

Marie Hattar

Secrets to a Good Security Webinar or Conference Presentation

Tips for making a presentation that will help improve the state of security programs and reflect favorably on the presenters and their companies

Joshua Goldfarb

Application Security

Source Code Security Firm Cycode Launches With $4.6 Million in Funding

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Eduard KovacsSeptember 24, 2019