CYTRIO, a Boston-based data privacy compliance startup, raised $3.5 million in Seed funding to address mid-sized companies’ challenges of meeting increasing data privacy regulations.
CYTRIO has secured funding from angel investors and institutional seed investors, including Dreamit Ventures, Food Retail Ventures, and Rockwood Group.
The raise also included CYTRIO’s founding team, industry experts with 50 years of collective data, privacy, and security experience, including Vijay Basani, Chief Executive Officer; Pankaj Parekh, Chief Privacy Officer; and Darshan Joshi, Chief Technology Officer.
Company: CYTRIO, Inc.
Raised: $3.5M
Round: Seed Round
Funding Month: October 2021
Lead Investors:
Additional Investors: Dreamit Ventures, Food Retail Ventures, Rockwood Group, Vijay Basani, Pankaj Parekh, and Darshan Joshi
Company Website: https://cytrio.com/
Software Category: Data privacy rights management platform
About the Company: Founded in 2019, CYTRIO was found to make data privacy compliance simple, automated, and cost-effective for mid-sized enterprises. Unlike many privacy management solutions, CYTRIO takes a holistic approach to privacy rights management and offers a single all-in-one solution built on automation, AI-led data discovery, and automated response workflows. With a founding team with 50 years of data, privacy, and data security experience, the company is offering solutions for mid-sized companies that scale with their growth, are simple to deploy, deliver value on day one, and do not require dedicated privacy teams to manage.
Source: https://www.businesswire.com/news/home/20211012005164/en/CYTRIO-Raises-3.5-Million-to-Address-Mid-market-Data-Privacy-Compliance-Challenges