Privya arises from stealth with $6m seed funding

Privya, a firm focused on data privacy, has bagged $6m in a seed funding round backed by Hyperwise Ventures and several angel investors.

Alongside the funding, the company also launched a data privacy-focused code scanning platform.

According to Security Week, Privya offers a code scanning platform designed to identify data protection issues and violations during the development process, before they make it into production.

The platform analyses the manner in which sensitive data is handled in code, as well as the type of collected data and how data is being used, stored and sent to third-party services.

Privya’s scanner searches for information on the collection of personal and sensitive data, flags compliance violations and also provides risk scoring to help automate enforcement and compliance with the data privacy regulations.

Privya claims its platform also maps all services, storage systems and applications, to deliver complete visibility into how data is handled.

Privya co-founder and CEO Uzy Hadad said, “Privacy and data protection are among the biggest challenges of our time, and with big data and machine learning using larger and larger quantities of personal data, keeping sensitive and personal information protected is getting both harder and more urgent.”

Airswift, a FinTech startup pioneering Web 3.0 native payment solutions, has raised $2m in a pre-seed funding round led by CE Innovation Capital (CEiC).

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