Security News > 2020 > April > Privitar raises $80M to accelerate development of its data privacy platform and fuel innovation

This raise enables Privitar to further accelerate the development of its data privacy platform, fuel continued innovation, and support key growth initiatives, with a focus on international expansion and increased hiring across sales, services, product development, and other areas of the business.

"The Privitar platform enables our customers to unlock and use their data to create better products and services while minimizing friction and risk," said Jason du Preez, CEO of Privitar.

"Managing sensitive data at enterprise scale and complexity is a real challenge for even the most sophisticated data organizations. By automating the enforcement of data protection strategies, Privitar's platform makes this achievable in any data-driven organization. We are excited to partner with Warburg Pincus as we continue to pioneer the category."

"The advent of data privacy regulations such as GDPR and CCPA, combined with the increasing importance of data analytics in the enterprise, has created a growing need for a privacy solution that protects sensitive data while still retaining its business value."

As organizations embrace data analytics and move to modern data platforms such as cloud data lakes, having a centralized platform to protect and manage sensitive data at scale becomes essential in order to reduce the time it takes to make data available to users, protect against insider threats and reduce the risk of a breach.

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