Dathena, a Singapore-based business that offers AI-based data defense and privacy solutions, revealed it has raised a $12 million Series A. Part of the funding will be used to expand Dathena’s co-sell collaboration with Microsoft in the United States, which is targeted to Azure Cloud and Microsoft 365 customers who need to abide by brand-new data personal privacy guidelines like the California Consumer Personal Privacy Act.
The funding was led by Jungle Ventures, with participation from Caphorn and SEEDS Capital, the investment arm of Business Singapore, a federal government company that supports entrepreneurs. Existing investors Cerracap Ventures and MS&AD Ventures likewise returned for this round. This brings Dathena’s overall raised to $18 million.
Established in 2016, Dathena states it currently has more than 200,000 users and business customers. Its software application scans and organizes information kept on premise or in the cloud, recognizes delicate information, and then keeps track of gain access to and potential security risks.
Dathena also automates compliance with data protection regulations around the world, like the European Union’s GDPR and California’s CCPA, which works for clients who have operations in various nations or are in highly-regulated markets like finance, health care or defense.
Dathena CEO and co-founder Christopher Muffat told TechCrunch that the new funding will likewise be utilized to grow the business’s R&D efforts to develop a plug-and-play and self-service platform, and hire more sales, marketing and customer support staff for users in North America and Europe. The business recently opened its U.S. headquarters in New York City.
Muffat identified Dathena’s main rivals as DocAuthority, MinerEye and Exonar, which also protect and organize enterprise data. Dathena strives to differentiate by being data-source agnostic, so any ETL (extract, transform, load) tools can be plugged into its platform, permitting information sets from practically any source to be imported. It is likewise deeply-integrated into Microsoft software application, including Microsoft 365 E3 and E5, Azure Details Defense and Microsoft Cloud App Security.
Muffat included that Dathena is likewise simple to use, while its AI-based software makes data security jobs more time efficient and scalable.
“Most data personal privacy tools are made for IT folks and are too complex to navigate for other members of a company, yet managing compliance with regulations such as GDPR and CCPA often falls under the province of other or legal non-IT company functions,” he said.
As individuals continue working from another location due to the fact that of the COVID-19 pandemic, Muffat states this produces brand-new vulnerabilities, consisting of access to corporate systems over mobile or personal computer that their companies may not have complete control of; less presence over where business data streams, making it harder to safeguard; and workers potentially using unsecured Wi-Fi networks or accessing their email through web websites instead of desktop apps.
Remote staff members may likewise use their Workplace 365 or Gmail qualifications to gain access to cloud apps, increasing the threat of breeches.
To deal with that, Dathena has been concentrating on Microsoft clients and cloud deployment, and now offers handled services to run the Dathena platform, helping clients get more usage out of the item.
In a press declaration, Jungle Ventures Amit Anand founding partners said, “Dathena’s international development positions the tech leader to profit from the rapid advancement of the $120 billion information protection market. It’s a shining example of our financial investment in international tech business emerging out of Asia and we’re thrilled to continue to support their quick growth.”
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.