Data protection platform Digital Garden has secured a $30m financing round led by lower mid-market private equity house LLR Partners.
The company’s product offering aims to address the slew of new data protection regulations that came into force over the last few years, such as GDPR and the California Consumer Privacy Act.
Digital Guardian’s platform is used in business sectors including financial services, manufacturing, healthcare, technology, and professional services.
The platform has secured more than 4.5 million endpoints across 50 countries and is supported by its data security analytics backend, the DG Cloud.
Alongside the financing round, Digital Guardian has also announced the appointment of three new management team professionals including Connie Stack who has been named as chief strategy officer and chief marketing officer, Debra Danielson who joins as chief technology officer and SVP of engineering and Ben Cody who is now senior vice president of product management.
“With the advent of new compliance and privacy regulations, there is a tremendous market opportunity for a company that specializes in effective data protection,” said LLR Partner David Stienes.
“We value Digital Guardian’s mission of protecting the most sensitive data assets for the world’s leading organizations and have the highest degree of confidence in Mordecai and his new executive team. We are pleased to support their next phase of growth and development.”
LLR Partners recently exited its cloud-based SaaS business SICOM Systems in a sale to trade buyer Global Payments Inc for $415m.
In June last year the lower mid-market private equity house closed its fifth flagship fund after raising $1.2bn.
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