DataGrail, a San Francisco, CA-based data privacy platform, announced that it closed $45 million in Series C funding to help people take control of their privacy and identity. The oversubscribed round brings DataGrail’s total funding to $84.2 million.
Third Point Ventures led the round, with participation from Thomson Reuters Ventures and Sixty Degree Capital, and previous investors, including Felicis Ventures, Operator Collective, Next47, Cloud Apps Capital, and others.
This funding allows DataGrail to continue to empower businesses to meet the growing consumer expectations around data privacy.
Salesforce, New Balance, Instacart, Skillshare, and MyFitnessPal have chosen DataGrail as their solution to build consumer trust while adhering to an ever-expanding list of state, national, and international data privacy regulations.
“DataGrail is at the forefront of a data privacy revolution,” said DataGrail Co-founder and CEO Daniel Barber. “Difficult and important work must be done, and we are rising to the challenge. Our vision for the future of data privacy is one that grants control, treating privacy as a human right, while empowering businesses to provide transparency. With our team and backers in place and firmly aligned with this mission, DataGrail will accomplish great things.”
Third Point Ventures Partner Dan Moskowitz will join DataGrail’s Board of Directors as the company continues to scale to meet the needs of an evolving data privacy landscape.
Company: DataGrail, Inc.
Raised: $45.0M
Round: Series C
Funding Month: October 2022
Lead Investors: Third Point Ventures
Additional Investors: Thomson Reuters Ventures and Sixty Degree Capital, Felicis Ventures, Operator Collective, Next47, and Cloud Apps Capital
Company Website: https://www.datagrail.io/
Software Category: Data Privacy Platform
About the Company: DataGrail is a data privacy platform. Brands rely on their Privacy Control Center™ to build customer trust and make privacy a competitive advantage. DataGrail’s Privacy Control Center is a hub where legal, security, and executive teams can run impactful privacy programs and understand their real-time risk, creating the flywheel of brand trust that increases revenue. With 1400+ pre-built connections with popular apps and infrastructure, the DataGrail Integration Network is the first of its kind to detect shadow IT that may contain personal data, ensuring the most accurate data foundation. DataGrail services millions of consumers through companies like Overstock, Dexcom, Databricks, and Instacart, and it has 4.8/5 stars on G2.
Source: https://www.datagrail.io/press/datagrail-raises-45-million/