UK-based data privacy platform provider Privitar has raked in $80m in a Series C funding round to expand platform capabilities and accelerate growth internationally.
The funding round was led by Warburg Pincus, with participation from Accel, Partech, IQ Capital, Salesforce and ABN AMRO.
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The latest funding brings the total amount raised by the company to date to $120m.
Privitar will use the funds to develop its data privacy platform and support key growth initiatives with a focus on international expansion.
The data privacy provider noted that it will also increase hiring across sales, services, product development, and other business areas.
Privitar CEO Jason Preez said: “The Privitar platform enables our customers to unlock and use their data to create better products and services while minimising friction and risk.
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By GlobalData“Large enterprises in regulated industries like financial services and healthcare have been early adopters of data privacy solutions.
“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 organisation.”
Privitar is currently working with major enterprise customers to manage and automatically enforce data privacy policies on modern platforms.
In the UK, the company’s enterprise customer base includes HSBC, Citi, AstraZeneca and National Health Service (NHS), among others.
