Security News > 2020 > April > Data Privacy Firm Privitar Raises $80 Million in Series C Funding Round
London-based data privacy company Privitar this week announced that it has raised $80 million in a Series C funding round, which brings the total amount raised to date to more than $143 million.
Privitar provides a data privacy and anonymisation platform that enables organizations to obtain data-driven insights without putting sensitive employee, customer and partner information at risk.
The platform includes de-identification capabilities to protect data, and it allows organizations to create and apply privacy policies, and trace data provenance to reduce insider threats and conduct forensic investigations in case of a breach.
"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," said Cary Davis, managing director at Warburg Pincus.
The company previously raised $40 million in a Series B funding round in June 2019 and $16 million in a Series A round in July 2017.