Privacera, a Fremont, Calif.-based cloud data governance and security company, secured $50m in funding.
The round was led by new investor Insight Partners with participation from Sapphire Ventures, Battery Ventures, and existing investors Accel, Cervin, and Point 72.
The company intends to use the funds to fast-track its go-to-market strategy and further extend its investment in its unified system for data governance and privacy across multiple cloud services such as Databricks and Snowflake
Led by Balaji Ganesan, CEO, Privacera provides a SaaS-based data security and governance platform that enables analytics teams to access data without compromising compliance with regulations such as GDPR, CCPA, LGPD, and HIPAA. The company provides a single pane of glass for securing sensitive data across multiple cloud services such as AWS, Azure, Databricks, GCP and Snowflake. The platform is utilized by Fortune 500 customers across finance, insurance, retail, media, and consumer industries to automate sensitive data discovery and manage high-fidelity policy management at petabyte scale on-prem and in the cloud.