Immuta, a Boston, MA-based automated data governance company, secured $40m in Series C funding.
The round was led by new investor Intel Capital, with participation from new investor Ten Eleven Ventures and existing investors DFJ Growth, Dell Technologies Capital, Greycroft, Drive Capital and Citi Ventures.
The company intends to use the funds to expand its presence and accelerate the development of its platform.
Founded in 2015 by Matthew Carroll, CEO, Immuta provides a cloud-native data governance platform for organizations to automate data access control, security and privacy compliance, ensuring each user who queries data sees only the data they’re supposed to see, for their approved purpose or role. The platform aims to create trust across data engineering, security, legal, compliance, and business teams so they can work together to ensure timely access to critical data with minimal risk, while adhering to global data privacy regulations including the GDPR, CCPA and HIPAA.
The company has integrated its platform with cloud data and analytics platforms, including Databricks, Snowflake and Amazon Web Services.
Immuta’s blue-chip enterprise customer base spans a range of industries including financial services and fintech, insurance, healthcare and digital health, government, manufacturing, and internet/consumer tech.
The company also has offices in College Park, MD and Columbus, OH.