Ethyca, a New York-based privacy-by-design technology startup that has built a unique set of APIs, detection tools, and analytics to make it easier for organizations to adhere to data privacy policies like GDPR, raised an additional $7.5 million in Series A funding.
The funding, an extension to its June 2020 Series A of $13.5 million, is coming from existing investors specifically Lee Fixel, IA Ventures, Lachy Groom’s LGF, and Table Management (Bill Ackman), and it brings that Series A to $21 million.
The funding will let Ethyca continue to hire to build out that commercial business while continuing to contribute to what it believes needs to be at the heart of how privacy is built in the future.
Company: Ethyca Inc.
Raised: $7.5M
Round: Series A extension
Funding Month: November 2021
Lead Investors: Lee Fixel, IA Ventures, Lachy Groom’s LGF and Table Management
Additional Investors:
Company Website: https://ethyca.com/
Software Category: Infrastructure platform
About the Company: Ethyca is an infrastructure platform that provides developers and product teams with the ability to ensure consumer data privacy throughout applications and services design. It also provides your product, engineering, and privacy teams with unmatched ease of use and functionality to better care about your user's data. The company helps companies discover sensitive data, then provides a mechanism for customers to delete, see or edit their data from the system. Ethyca's mission is to increase trust in data-driven business by building automated data privacy infrastructure.
Source: https://techcrunch.com/2021/11/03/ethyca-fides-privacy-codebase/