FairWarning, a Clearwater, Fla.-based privacy and security company, received a $60m growth equity investment from Mainsail Partners.
In conjunction with the funding, Michael Anderson, partner at Mainsail Partners, Taylor McKinley, operating partner at Mainsail, and David Farsai, vice president at Mainsail, will join FairWarning’s board of directors.
The company intends to use the funds to scale its data protection and governance solutions in health, wealth, and banking.
Led by Kurt Long, CEO, FairWarning provides software to protect the health, wealth, and personal information for healthcare, financial services and other businesses with the need to protect sensitive data and support compliance requirements. The company’s application security solutions provide data protection and governance for core applications, including Electronic Health Records (EHRs), Salesforce, Office 365 and hundreds of other applications.
They aim to protect organizations of all sizes and around the world against data theft and misuse through real-time and continuous user activity monitoring and improve compliance effectiveness with complex federal and state privacy laws such as HIPAA, FFIEC, PCI, FINRA, SOX, FISMA and the EU General Data Protection Regulation.