DataGrail, a data privacy company, has collected $5m in its latest funding round led by existing investor Cloud Apps Capital Partners.
Other participants include Okta Ventures, Basis Set Ventures, former Marketo CEO Steve Lucas, MuleSoft founder and CTO Ross Mason, and several other unnamed investors.
As data privacy regulations like GDPR, California’s Consumer Privacy Act come into force, and many others on the way, DataGrail designed its services to help meet these requirements. The company has designed the first purpose-built, scalable, and adaptive solution for continuous data privacy compliance, it claims.
DataGrail offers a live data map empowering companies to discover anyone’s personal data within seconds and eliminate long email threads or surveys. A privacy dashboard can integrate with over 100 business systems without the need of coding and can ease the review and fulfilment of privacy requests.
As part of the deal, SaaStr co-founder Mallun Yen, and former Cisco Systems VP of worldwide intellectual property to our board of directors.
Mallun Yen said, “As a lawyer myself, I know first-hand the positive impact that DataGrail’s solutions can have on a company maintaining compliance,”
“Compliance must be viewed as an ongoing effort and an endeavour that must be sustained over time. DataGrail is the solution that automates manual processes and integrates across business systems and third-party services.”
This investment comes less than a year since the data privacy startup raised $4m in its Series A round. The former round, which valued the company at $16m, was backed by Cloud Apps Capital Partners and Gunderson Dettmer.
