DataGrail, a startup that helps clients comprehend where their information lives in order to help comply with a growing body of privacy guidelines, announced a $30 million Series B today.
Felicis Ventures led the round with aid from Basis Set Ventures, Operator Collective and previous financiers. Among the interesting elements of this round was the involvement from numerous strategic investors including HubSpot, Okta and Next47, the endeavor company backed by Siemens. The business has now raised over $39 million, according to Crunchbase data.
That financier interest might stem from the fact that DataGrail assists organizations discover information by constructing ports to popular applications and then helps make sure that they remain in compliance with client privacy regulations such as GDPR, CCPA and similar laws.
“DataGrail [is truly] the first integrated solution with over 900 combinations (up from 180 in 2019) to various apps and infrastructure platforms that allow the item to find when brand-new apps or brand-new infrastructure platforms are included, and after that also carry out automated data discovery throughout those applications,” company CEO and co-founder Daniel Barber explained to me. This assists users find client information any place it lives and allows them to comply with legal requirements to handle and secure that data.
Victoria Treyger, basic partner at lead financiers Felicis Ventures says that a person of the important things that attracted her to DataGrail was that she had to help execute GDPR regulations at a previous venture and felt the pain first hand. She stated that her company tends to try to find startups in large markets where the service or product being used is a critical need, rather an option, and she thinks that DataGrail is an example of that.”I really liked the reality that personal privacy management is such a tough problem, and it is not optional. As an organization, you need to handle privacy requests, which you might do manually or you may do it with a solution like DataGrail,”Treyger told me.
The company has 40 staff members today with plans to grow to 90 or 100 by the end of this year. It deserves noting that Treyger is signing up with the Board, which currently has 3 other ladies. That shows reveals a dedication to gender diversity at the board level that is not normal for startups.
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.