Data Safeguard, a Santa Clara, CA-based provider of AI-enhanced data privacy solutions, completed a seed round of funding led by FFB Bank to accelerate market presence.
This funding round enables Data Safeguard to advance its market leadership position within the Data Privacy product segment.
With the recent release of ID-REDACT® on cloud platforms, Data Safeguard now offers its AI empowered product to both enterprise organizations and individual consumers, ensuring compliance with stringent data privacy regulations and mitigating the risks associated with data breaches.
"We are delighted to have secured funding from FFB Bank, a prominent financial institution known for its commitment to supporting innovative technology startups," said Sudhir Sahu, CEO of Data Safeguard. "This money represents a significant milestone for Data Safeguard, allowing us to accelerate our customer onboarding and revenue enhancement efforts."
As part of the funding agreement, Data Safeguard will continue to leverage FFB Bank to drive its strategic vision forward. Data Safeguard aims to continue providing unrivaled data protection services and empower organizations to take control of their data privacy compliance needs.
Company: Data Safeguard, Inc.
Round: Seed Round
Funding Month: July 2023
Lead Investors: FFB Bank
Company Website: https://www.datasafeguard.ai/
Software Category: AI-enhanced Data Privacy Solutions
About the Company: Founded in 2021, Data Safeguard is an AI company that offers solutions for synthetic fraud and data privacy. They help global enterprises meet data privacy compliance and prevent significant financial losses caused by synthetic fraud. Data Safeguard's state-of-the-art AI products are gaining traction across various sectors, including banking, financial services, healthcare, technology, retail, and government organizations.