THANK YOU FOR SUBSCRIBING
Since its inception, the company's PRIVACI.ai platform has seen rapid adoption and has processed over 100 million identities. SECURITI.ai has also been successful in the expansion of business, including new regions like South America, Canada, and APAC.
FREMONT, CA: PrivacyOps and data security automation firm SECURITI.ai raised USD 50 million in a Series B funding round led by General Catalyst, with participation from Mayfield. The new round of funding comes in a month after the company's Series A round, taking the raised capital to a total figure of USD 81 million. The company looks to continue achieving growth milestones, international expansion, and additions to the senior management team.
"We have closely watched the SECURITI.ai team execute on their mission, and it's convinced us to double down on our investment in the company. The SECURITI.ai team has leveraged its deep enterprise cloud security, data protection, and governance expertise to build a unique PrivacyOps platform that customers are excited about,” said Dr. Steve Herrod, Managing Director at General Catalyst. “Privacy of personal information is of growing concern across the globe, and SECURITI.ai is very well-positioned to help companies properly provide this privacy and comply with increasing regulations,” added he.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Since its inception, the company's PRIVACI.ai platform has seen rapid adoption and has processed over 100 million identities. SECURITI.ai has also been successful in the expansion of business, including new regions like South America, Canada, and APAC. The company has also added new products such as New Freemium and Self-Serve offerings, along with additional product enhancements.
PRIVACI.ai allows organizations to become responsible custodians of their consumer's data, comply with global privacy regulations, and bolster their brands. The company offers the only platform that addresses all critical challenges organizations face with new privacy compliance. The company also announced the launch of its latest products, including a freemium offering for data subject request (DSR) fulfillment, as well as a self-serve portal that simplifies onboarding of a variety of privacy compliance solutions.
“We chose SECURITI.ai for our privacy operations because it was the only platform that offered a scalable one-stop solution. Their PrivacyOps framework provides real-time data inventory, people-data-graph building, and robotic automation," said Marty Collins, Chief Legal & Privacy Officer at QuinStreet. "This enables us to not only meet current CCPA obligations now but also plan to meet growing consumer, regulatory, and partner expectations around data privacy."
More in News