Zendata, a San Francisco, CA-based provider of AI governance and data privacy solutions, has emerged from stealth mode with $2 million in seed funding.
Investors
The round was led by PayPal Ventures, First-hand Alliance (operated by Salesforce Alumni), Geek Ventures, and Altari Ventures.
PayPal Ventures is the global corporate venture arm of PayPal. They invest for financial return across six areas of high strategic relevance to PayPal, including AI, blockchain & cryptocurrency, commerce enablement, fintech, payments, and regulatory/cyber technology.
FirstHand Alliance is a venture capital firm based in New York, New York. Founded in 2021, the firm seeks to invest in the B2B sector.
Founded in 2021, Geek Ventures is a venture capital investment firm that prefers to invest in pre-seed and seed-stage companies operating in the B2B SaaS, B2C software, hardware, and deeptech sectors based in the United States.
Altari Ventures is a venture capital firm based in New York, New York. The firm seeks to invest in early-stage B2B fintech and enterprise SaaS startups.
Zendata Use of Funds
The company will use the funds to develop its Zendata platform and facilitate the expansion of its customer base to cater to the escalating global demand from organizations navigating today's intricate AI and data governance terrain.
About Zendata
Founded by Narayana Pappu and Pedro Pinango, Zendata is a provider of data protection and AI governance solutions. Its no-code platform provides comprehensive insights and control over data usage, enabling organizations to make informed decisions and remain compliant with evolving regulations around data privacy and AI governance. Zendata helps businesses of all sizes maintain a competitive edge by mitigating the risks associated with AI adoption and addressing privacy concerns to protect from risks to their Intellectual Property.
Funding Details
Company: Zendata Llc
Raised: $2.0M
Round: Seed Round
Funding Month: May 2024
Lead Investors: PayPal Ventures, First-hand Alliance, Geek Ventures, Altari Ventures
Additional Investors:
Company Website: https://www.zendata.dev/
Software Category: Governance and Data Privacy
Source: https://www.prnewswire.com/news-releases/zendata-emerges-from-stealth-with-2-million-seed-funding-to-address-ai-and-data-governance-302157503.html