DataGrail scores additional capital for Series A

Data privacy management company DataGrail has added to its Series A round with an investment from American Express Ventures.

The company previously raised $5m in a funding round from Okta Ventures, Basis Set Ventures and Cloud Apps Capital Partners.

With the fresh funds, the company aims to accelerate growth and meet the demands from customers and prospects.

The data protection platform helps businesses to manage privacy including the accessing and deletion of personal information. Through 150 connectors with companies like Salesforce, Adobe and Oracle, enabling them to discover and map personal data within seconds, boosting accuracy and compliance with regulations like GDPR.

Some of its key tools are data discovery and mapping, a live image of all the locations of personal data within a business. Another service is company-wide synchronized consent and preference management, streamlined privacy requests, and zero-code onboarding.

Amex Ventures managing director Dana Eli-Lorch said, “DataGrail’s technology enables businesses to efficiently access or delete data on demand for their customers, helping them respond to evolving privacy and compliance expectations. We’re pleased to support DataGrail’s next stage of growth.”

The RegTech previously raised $4m in its Series A round in 2017.

Copyright © 2019 FinTech Global

Enjoyed the story? 

Subscribe to our weekly RegTech newsletter and get the latest industry news & research

Copyright © 2018 RegTech Analyst


The following investor(s) were tagged in this article.