Privitar Secures $16 Million for Privacy Solutions Expansion
Privitar, a cutting-edge privacy engineering software company based in London, UK, has recently secured an impressive $16 million in Series A funding. This round of financing was spearheaded by Partech Ventures, with additional contributions from notable investors such as CME Ventures and Salesforce Ventures, along with existing stakeholders like IQ Capital, 24Haymarket, and Illuminate Financial. The infusion of capital marks a significant milestone for the company as it seeks to enhance its product offerings and expand its market presence.
Founded in 2014 and under the leadership of CEO Jason du Preez, Privitar focuses on providing robust solutions that empower organizations across various sectors, including financial services, telecommunications, pharmaceuticals, and government entities.
The company's primary goal is to enable these organizations to effectively use, share, and analyze data while ensuring privacy and security. This is essential for fostering collaboration with third parties and facilitating the safe adoption of cloud computing technologies, thus addressing the urgent need for data privacy in an increasingly data-driven world.
With the newly acquired funding, Privitar aims to expedite the delivery of its product roadmap and core intellectual property. Furthermore, the company is set on expanding its operations not only within the United Kingdom but also into the United States and other strategic geographies. By providing innovative data privacy and anonymization solutions, Privitar serves a diverse global clientele across Europe, North America, and Asia, positioning itself as a leader in the domain of data privacy that is crucial for contemporary business practices and compliance requirements.
They've invested in Privitar
Get to know these SaaS investors
Click here for a full list of 7,526+ startup investors in the UK