Accenture Ventures, Accenture (NYSE: ACN)’s corporate venture capital arm, made a strategic investment in InCountry, a San Francisco, CA-based data residency-as-a-service platform provider.
The amount of the deal was not disclosed.
Led by Peter Yared, CEO and founder, InCountry provides a data residency-as-a-service platform that ensures enterprises and software-as-a-service companies’s company and customer data is used in compliance with the data residency regulations of 90+ countries. The company is backed by Caffeinated Capital, Felicis Ventures, Arbor Ventures, Ridge Ventures, Bloomberg Beta, Charles River Ventures, Global Founders Capital, Parade Ventures, Mubadala Ventures, Accenture Ventures and MState and has offices in Singapore, Sydney, Minsk and Abu Dhabi.
Accenture plans to leverage the InCountry solution within its myNav cloud platform, as part of its sovereign cloud module.