Privado, a Delaware, US-based open-source static code analysis tool to discover data flows in the code, announced that it raised $14 million in Series A funding, bringing Privado’s total amount raised to $17.5 million.
The round was led by leading global investors Insight Partners and Sequoia Capital India, with participation from Together Fund and Emergent Ventures.
The funding will be used to enhance Privado's technology stack, build out the team, and grow its open-source community.
With this funding, Privado will be able to continue its mission of Shifting Privacy Left and truly enable developers to build products and apps with privacy embedded from the start rather than bolted on later.
Privado will launch a privacy code scanning solution that brings together developers, security, and privacy team and provides them with instant visibility into the use, collection, and sharing of personal data across their products and infrastructure.
Company: Privado Inc.
Round: Series A
Funding Month: Aug 2022
Lead Investors: Insight Partners and Sequoia Capital India
Additional Investors: Together Fund and Emergent Ventures
Company Website: https://privado.ai/
Software Category: Code Scanning Solution
About the Company: Founded in 2020, Privado is a code scanning solution purpose-built for privacy that discovers personal data, use of data, data flows, and leakages to logs and flags privacy issues in the code for GDPR violations or CWE vulnerabilities. Privado connects with source code management tools like GitHub and, within minutes, provides visibility into data flows to privacy teams, which otherwise would have taken months of back and forth with product managers and developers. Privado currently monitors over 600,000 code commits and counts enterprises like Here.com and scaleups like Thrasio & Zego as customers. Its free data safety generator tool has seen 8,000+ downloads from the developers of companies like Automatic, Asos, Blinkist & many more, generating accurate Play Store Data Safety reports.
Source: https://privado.ai/post/privado-series-a-launch https://www.benzinga.com/content/28650871/privado-raises-14-million-in-series-a-funding-to-embed-privacy-in-software-development