Data Governance and Security Leader Privacera Secures $13.5 Million in Series A Funding
Jul 15, 2020•almost 5 years ago
Amount Raised
$13 Million
Round Type
series a
Description
Privacera, the cloud data governance and security leader founded by the creators of Apache Ranger™, today announced it has raised $13.5 million in Series A funding to support the increasing demand for automated data security, privacy and governance in the cloud. The funding was led by Accel who invested based on the tremendous trajectory of the Company and its strong customer base. Equally appealing for the venture firm was the fact that data governance, security, and compliance are becoming table stakes as organizations look to migrate enterprise data to the cloud to drive data analytics. Accel joins early investors Cervin Ventures, Point 72, and Alchemist Accelerator.
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech