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North America Privacy

Ketch raises $23M to automate privacy and data compliance

– Ketch, a startup aiming to help businesses navigate the increasingly complex world of online privacy regulation and data compliance, is announcing that it has raised $23 million in Series A funding.
– The company is also officially coming out of stealth.
– I actually wrote about Ketch’s free PrivacyGrader tool last year, but now it’s revealing the broader vision, as well as the products that businesses will actually be paying for.
– The startup was founded by CEO Tom Chavez and CTO Vivek Vaidya.
– The pair previously founded Krux, a data management platform acquired by Salesforce in 2016, and Vaidya told me that Ketch is the answer to a question that they’d begun to ask themselves: “What kind of infrastructure can we build that will make our former selves better?”

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Compliance North America Privacy Risk Management Software

OneTrust adds ethics to its privacy platform with Convercent acquisition

– OneTrust, a privacy platform startup, acquired Convercent, a company that was built to help build more ethical organizations.
– The companies did not share the purchase price.
– OneTrust just raised $300m on a fat $5.1b valuation at the end of last year, and it’s putting that money to work with this acquisition.
– Convercent brings 750 customers and 150 employees to the OneTrust team along with its ethics system, which includes a way for employees to report ethical violations to the company and a tool for managing disclosures.
– Quinlan wrote in a company blog post announcing the deal that joining forces with OneTrust will give it the resources to expand its vision.
– Convercent was founded in 2012 and has raised over $100m, according to Pitchbook data.

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Cloud Data Services E-Commerce Platforms Identity Management North America Privacy

ID.me Inks Mega $100M Series C Round

– ID.me, a leading digital identity network that allows consumers to prove who they are online while controlling how their information is shared with brands, has raised $100m in a Series C funding round led by Viking Global Investors.
Counterpoint Global (Morgan Stanley), PSP Growth, Lead Edge Capital, CapitalG, WndrCo, Willoughby Capital, BoxGroup and Moonshots Capital joined the round.
– Prominent investors include Marcelo Claure, Alexa Von Tobel and Dan Rosensweig.

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Information Technology North America Privacy Security

Oso announces $8.2M Series A to simplify authorization for developers

– Oso, an early stage startup, has created an open source library for developers to make it easier to build authorization in their applications.
– The company announced an $8.2m Series A led by Sequoia with participation from SV Angel, Company Ventures, Highland Capital and numerous angel investors.
– When combined with a $2.7m seed round from 2019, it brings the total raised to $10.9m.

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Big Data Compliance Legal Marketing Marketing Automation North America Privacy SaaS Security

DataGrail Raises $30M in Series B Funding

– DataGrail is a San Francisco, Calif.-based modern privacy platform designed to help brands to build customer trust and transparency.
– The company raised $30m in Series B funding.
– The round was led by Felicis Ventures with participation from Next47, Basis Set Ventures, Operator Collective, and previous investors.
– DataGrail intends to use the funds to continue to expand operations and its business reach.

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Big Data Cloud Security Compliance Cyber Security North America Privacy

Privacera Secures $50M in Series B Funding

– Privacera is a Fremont, Calif.-based cloud data governance and security company.
– The company raised $50m in Series B funding.
– The round was led by new investor Insight Partners with participation from Sapphire Ventures, Battery Ventures, and existing investors Accel, Cervin, and Point 72.
– The company intends to use the funds to fast-track its go-to-market strategy and further extend its investment in its unified system for data governance and privacy across multiple cloud services such as Databricks and Snowflake.

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Asia FinTech Fraud Detection Identity Management Payments Privacy

Identiq Raises $47M Series A, Poised to Become the World’s Largest Identity Validation Network

– Identiq announced a $47m Series A round led by Insight Partners and Entrée Capital, with additional participation from Amdocs, Sony Innovation Fund by IGV, and existing investors, including Vertex Ventures Israel, Oryzn Capital and Slow Ventures.
– The company plans to use the investment to further accelerate its network growth, adding more members, each of which will improve the validation, quality and coverage for all members. This flywheel effect will drive further value for the network’s existing members, improving data coverage and accuracy.
– The company is building the world’s largest Identity Validation Network, enabling companies to jointly validate consumer identities, payment details and other sensitive information without sharing or exposing any private data.

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Big Data Business Intelligence North America Privacy Security

TripleBlind raises $8.2 million for its encrypted data science platform

– TripleBlind, a Kansas City, Missouri-based startup developing a platform that enables companies to train models on encrypted data, today announced it has raised $8.2 million.
– The company says the funds will be put toward R&D as it looks to expand the international reach of its products.
– In industries like financial services and health care, privacy regulations like the U.S. Health Insurance Portability and Accountability Act (HIPAA) prevent companies from sharing data.
– As a result, 73% of enterprise data goes unanalyzed, according to a recent analysis.
– Earlier in his career, TripleBlind CEO Riddhiman Das was the product architect at EyeVerify, where he helped commercialize a software-only biometric method for verifying the identity of mobile users.

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