SafeGuard Privacy, a prominent SaaS-based compliance platform, has successfully closed a $3.6m funding round.
Leading the investment were TechOperators, Dynamism Capital, Sidekick Partners, and two additional existing investors.
Founded in 2019, SafeGuard Privacy specializes in helping various stakeholders—from publishers to tech platforms—navigate the complex landscape of global privacy regulations.
The company has attracted $3.6m in fresh capital from notable firms including TechOperators and Dynamism Capital. Sidekick Partners, along with two other veteran backers, also contributed, underscoring the industry’s confidence in SafeGuard Privacy’s solutions.
SafeGuard Privacy is renowned for its effective platform that automates the compliance processes required by privacy laws worldwide. By standardizing privacy compliance, SafeGuard Privacy has become integral to many leading companies and trade associations like BBB National Programs and OneTrust.
The new funds will be used to develop SafeGuard Privacy’s innovative legal AI and the next generation of Data Protection Impact Assessments (DPIAs). Additionally, the investment will support the expansion of universal risk-based assessments and the enhancement of direct brand and organizational partnerships.
Significant growth in customer adoption highlights the platform’s value, with users reporting efficiency improvements of over 80%. These gains have been critical in attracting further investments.
Richy Glassberg, co-founder and CEO of SafeGuard Privacy, commented on the impact of their platform: “Customers like Raptiv are proving that Automated Compliance and Privacy Auditing and Management is Good for Business because once SafeGuard is in place, a significant cost of doing business is eliminated and the insights gleaned from our outputs can be put to use to do business at a scale impossible in the past.”
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