DataGuard, a privacy and compliance software-as-a-service (SaaS) solution, has bagged $20m in a funding round to support its expansion across Europe and the Americas.
The capital injection was led by One Peak, a UK growth investor. With the fresh funds, DataGuard is looking to continue its growth and expand its customer base across Europe and the Americas.
The company is also hoping to increase the automation capabilities on its platform by deepening its machine learning technology in its privacy software. It will also increase the development of new products.
Founded in 2017, the company analyses its customers’ data processing activities and helps them improve their decisions on privacy compliance. Its SaaS solution is supporting over 1,000 companies to meet data privacy compliance by auditing personal data flows, creating process documentation, processing and documenting data breaches and completing third-party audits and data subject requests.
DataGuard co-founder Thomas Regier said, “Millions of companies are striving to comply with privacy regulation such as GDPR or CCPA.
“We are excited to partner with One Peak to help many more organizations across the globe become and remain privacy compliant. Our Privacy-as-a-Service solution provides customers with access to a proprietary full-stack platform and services from a dedicated team of data privacy experts. This enables customers to gain insights into their data processing activities and to operationalize privacy and compliance across their entire organization.”
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