Zendata, an AI governance and data privacy solutions provider, has emerged from stealth mode with a significant boost of $2 million in seed funding.
The round was led by PayPal Ventures, First-hand Alliance (operated by Salesforce Alumni), Geek Ventures, and Altari Ventures.
This investment marks a pivotal moment for Zendata, which aims to reshape how security teams handle data and security challenges. Founded by industry veterans with extensive experience in AI and data platforms, including stints at Fortune 100 companies like PayPal, Zendata is poised to transform data security and AI governance for organizations worldwide.
Narayana Pappu, Zendata’s Co-Founder and CEO, has dedicated his career to developing enterprise-grade data products, with a focus on financial services, risk, and privacy. His partner, Co-Founder Pedro Pinango, brings over a decade of experience in leading teams to build digital products for startups.
Together, they are committed to simplifying the integration of data security, AI governance, and privacy solutions across all stages of the data lifecycle.
The funding infusion will primarily fuel the development of the Zendata platform and the expansion of its customer base to meet the escalating global demand for robust AI and data governance solutions. This strategic move comes at a time when organizations are grappling with increasingly complex AI and data governance landscapes.
Geek Ventures’ Managing Partner, Ihar Mahaniok, expressed confidence in Zendata’s leadership, stating, “The Zendata founding team brings with them a strong network in Silicon Valley and beyond. They understand the convergence of the CIO/CISO and CDO roles, and the need for a platform that bridges the gap between these roles and engineering teams.”
In a statement, Pappu highlighted the critical role of AI governance in mitigating data risks, stating, “At Zendata, we believe that AI risk is at the heart of data risk. Our no-code data security and privacy compliance platform helps businesses of all sizes navigate the complexities of data privacy and data protection regulations.”
Zendata’s platform empowers organizations to gain comprehensive insights and control over their data usage, enabling informed decision-making and compliance with evolving regulations. With the backing of strategic investors, Zendata is poised to become the go-to solution for companies seeking to navigate the intricate landscape of AI governance, data privacy, and security.
This latest funding round underscores the growing importance of AI governance and data privacy in today’s digital landscape. As organizations strive to safeguard sensitive data and comply with stringent regulations, innovative solutions like Zendata are set to play a pivotal role in shaping the future of data security.
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