Total amount raised
$67.3 Million
Latest funding date
03/01/2021
Location
Privacera has successfully raised funding over four rounds, with the latest being a Series B led by Insight Partners. The company is backed by eight investors, including Point72 Ventures and Accel.
Keep reading to explore the intricacies of Privacera's fundraising journey and the investors backing this innovative platform.
What Is Privacera?
Privacera is a SaaS-based data security and governance platform that enables data sharing without compromising regulatory compliance. The company operates in industries such as Big Data, Cloud Security, Compliance, Cyber Security, and SaaS.
Founded in San Francisco, California, Privacera has an employee count between 101-250. The company is trusted by Fortune 500 companies and offers solutions that simplify data security governance, increase data protection, and automate regulatory compliance.
How Much Funding Has Privacera Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2017
- Lead Investors: Alchemist Accelerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Privacera's data security and governance platform.
- Seed Round
- Amount Raised: USD 3,800,000
- Date: October 2018
- Lead Investors: Cervin Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine the platform, and to expand the team.
- Series A
- Amount Raised: USD 13,500,000
- Date: July 2020
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the go-to-market strategy and support the growing demand for data governance and privacy tools.
- Series B
- Amount Raised: USD 50,000,000
- Date: March 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence, invest in the unified system for data governance, and support explosive growth in revenue and customer acquisitions.
Total Amount Raised: USD 67,300,000. 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, the firm has raised more than $30 billion in capital commitments.
- Investment Focus Areas: Software, internet, data services
- Notable Investments: Twitter, Shopify, DocuSign
- Accel
- Details: Accel is a venture capital firm that partners with exceptional founders from inception through all phases of private company growth. The firm has a strong track record in early and growth-stage technology investments.
- Investment Focus Areas: Early and growth-stage technology companies
- Notable Investments: Facebook, Dropbox, Slack
- Cervin Ventures
- Details: Cervin Ventures is a venture capital firm focused on early-stage investments in enterprise technology companies. The firm aims to support startups that are innovating in the enterprise technology space.
- Investment Focus Areas: Enterprise technology startups
- Notable Investments: Punchh, Cyara, Nexla
- Alchemist Accelerator
- Details: Alchemist Accelerator is a venture-backed initiative focused on accelerating the development of enterprise startups. The accelerator provides seed funding, mentorship, and resources to help startups grow.
- Investment Focus Areas: Enterprise startups
- Notable Investments: Rigetti Computing, LaunchDarkly, Rigetti Computing
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm pursuing the most prominent companies and ideas. The firm invests in companies at all stages, from seed to growth and buyout.
- Investment Focus Areas: Technology and innovation-driven companies
- Notable Investments: Akamai Technologies, Coupa Software, Nutanix
What's Next for Privacera?
Privacera stands at the cusp of significant growth opportunities, driven by the increasing demand for data governance and privacy solutions. The company plans to expand its market presence in North America, Europe, and Latin America, leveraging its recent $50 million Series B funding. This expansion is bolstered by the growing need for compliance with data protection regulations and the migration of enterprise data to the cloud.
Future fundraising opportunities appear promising, given the substantial investor interest and the company's impressive growth in annual recurring revenue. Privacera may attract further investments to support its expansion and potential strategic acquisitions to enhance its technology offerings. However, the company faces challenges such as keeping up with rapidly evolving regulations and maintaining a competitive edge in a crowded market.
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