SafeGuard Privacy, a SaaS-based compliance platform focused on data protection, has raised $7m in funding.
TechOperators led the investment, following two years of hockey stick client and business growth at SafeGuard Privacy.
With the funds, the company plans to bolster its international growth.
SafeGuard Privacy was founded in 2019 to meet the rising demand for automated compliance. According to the Economic Times, 33 states have introduced some form of data protection regulation. Globally, 76% of countries have drafted or implemented data privacy regulation.
The RegTech company’s technology helps publishers, agencies, brands, data providers and tech platforms to assess, audit and comply with privacy laws. Its technology supports compliance with a selection of data protection regulations, including GDPR and CCPA.
Clients include Business Online, CafeMedia, Habu, Neustar, a TransUnion company, Publisher’s Clearing House and more.
TechOperators venture capital Patrick J. D. Taylor said, “New legal requirements are growing daily and the reputational and financial risks and costs of non-compliance are higher than ever.
“SafeGuard Privacy has created a privacy management platform that works for enterprise companies all the way to SMBs, enabling companies, their law firms, and consultants to collaborate, lower risk and provide continuity. Their game-changing vendor compliance technology reimagines TPRM for a complex world.”
Another data protection company to recently bag funding was Codenotary. The company secured $6m in funding, to support its expansion across the US, Europe and Asia.
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