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Privitar raises $16M to help ensure privacy in big data analytics

As data protection — a set of laws and practices created across different markets to ensure that our sensitive information does not get leaked or shared without our permission — continues to gain priority in our rapidly expanding digital world, a UK startup called Privitar that is building tools to help organizations keep that data private has picked up $16 million in funding to expand its tech platform and take its business to the US market.

The Series A round was led by France’s Partech Ventures with strategic participation from CME Ventures (the investing arm of derivatives marketplace CME) and, interestingly, Salesforce Ventures. Previous investors IQ Capital, 24Haymarket and Illuminate Financial also participated, bringing the total raised by two year-old Privitar to around $21 million (£16.5 million in local currency).

Source: techcrunch.com
Author: Ingrid Lunden

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