Total amount raised
$67.3 Millions
Latest funding date
03/01/2021
Location
Privacera has successfully raised funds through a Series B round, with notable investors including Insight Partners, Sapphire Ventures, and Battery Ventures. The company specializes in providing a SaaS-based data security and governance platform, addressing critical needs in data access, security, and compliance.
Keep reading to explore the intricacies of Privacera's fundraising journey and the investors backing this innovative platform.
What Is Privacera?
Privacera, founded in July 2016 by Balaji Ganesan and Don Bosco Durai, is a leading SaaS-based data security and governance platform. The company is headquartered in San Francisco, California, and employs between 101-250 people.
Specializing in big data, cloud security, compliance, and cyber security, Privacera enables secure data sharing without compromising regulatory compliance. The platform is trusted by Fortune 500 companies for its robust solutions in sensitive data discovery and high-fidelity policy management across multiple cloud services.
How Much Funding Has Privacera Raised?
- Seed Round
- Amount Raised: $3.8M
- Date: October 2018
- Lead Investors: Cervin Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their SaaS-based data security and governance platform.
- Series A
- Amount Raised: $13.5M
- Date: July 2020
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their data governance and security solutions and scale operations.
- Series B
- Amount Raised: $50M
- Date: March 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate go-to-market strategy and extend their platform's capabilities across multiple cloud services.
Total Amount Raised: $67.3M. Current Valuation: Not publicly disclosed.
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in high-growth technology and software companies. Founded in 1995, it has invested in more than 400 companies worldwide and has raised over $30 billion in capital commitments.
- Investment Focus Areas: High-growth technology, software companies.
- Notable Investments: Shopify, Twitter, DocuSign.
- Accel
- Details: Accel is a venture capital firm that invests in early-stage and growth-stage technology companies. The firm partners with exceptional founders with unique insights, from inception through all phases of private company growth.
- Investment Focus Areas: Early-stage technology, growth-stage technology.
- Notable Investments: Facebook, Dropbox, Slack.
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm pursuing the most promising companies and ideas. It has invested in over 400 companies globally since its inception in 1983.
- Investment Focus Areas: Technology companies across all stages, software, IT infrastructure.
- Notable Investments: Nutanix, Coupa, Glassdoor.
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that partners with visionary teams and venture funds to build companies of consequence. It has over $4 billion in assets under management.
- Investment Focus Areas: Enterprise software, consumer technology, IT infrastructure.
- Notable Investments: LinkedIn, Box, Square.
- Cervin Ventures
- Details: Cervin Ventures is a venture capital firm focused on early-stage investments in enterprise technology companies. The firm aims to support companies that are transforming the enterprise technology landscape.
- Investment Focus Areas: Early-stage enterprise technology.
- Notable Investments: Punchh, Cyara, Nexla.
What's Next for Privacera?
Privacera stands at the cusp of significant growth opportunities, driven by the increasing demand for cloud data governance and security solutions. With a robust platform that supports multiple cloud services, the company is well-positioned to capitalize on the expanding market for data privacy and compliance tools. The recent $50 million Series B funding will enable Privacera to accelerate its go-to-market strategy and invest in its unified system for data governance and privacy.
Future fundraising opportunities appear promising as the company continues to demonstrate substantial growth in annual recurring revenue and customer base. The potential for additional investment rounds is high, especially as Privacera expands its market presence in North America, Europe, and Latin America. Strategic acquisitions may also be on the horizon to enhance their technology stack and broaden their customer reach.
However, Privacera may face challenges such as intense competition from other data governance and security providers and the need to keep pace with rapidly evolving data privacy regulations. Ensuring seamless integration with a growing number of cloud services and maintaining a competitive edge will be crucial for sustained success. Despite these challenges, the company's strong foundation and strategic vision position it well for future growth and innovation in the data governance space.
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