Dover, the US-based privacy startup Privado, has announced it has raised $14 million in a Series A funding round co-led by Insight Partners and Sequoia Capital India. Also participating in the round were Returning Investors Together Fund and Emergent Ventures.
The startup will use the current funding round to expand its technology stack, build teams and grow its open source community. Privado last raised $3.5 million from a group of investors this year.
Founded in 2020 by Vaibhav Antil, Jasdeep Cheema and Prashant Mahajan, Privado is an open-source static scanning tool for privacy and security teams. It helps teams with visibility into data usage and data flow through applications. Privado also helps developers fix in-product privacy vulnerabilities such as: B. Leaking of personal data in logs.
“Existing tools fall short because they fall outside of the development lifecycle, where decisions about data collection and sharing are made,” said Vaibhav, co-founder and CEO of Privado, in a statement.
The startup partners with companies like Thresio and Xego, with most of its clients based in the US, followed by Europe. It currently claims to handle over six lakh code commits for its customers.
Nikhil Sachdev, Managing Director, Insight Partners, says: “Privado has built a seamless platform that enables data and engineering teams to ensure that all development changes are privacy compliant in real time.”
The venture capital firm, which has been investing in India since 2018, said it will continue to deepen its presence in the country. It has already supported companies like Cred, UB and MPL in India.
“Privacy and data are two sides of the same coin. Biggest dates. was one of
It’s only a matter of time before trends and secrecy take hold in recent years. Privado is well positioned to capitalize on this opportunity,” said Abhishek Mohan, Principal, Sequoia India, in the statement.
Before Privado, Vaibhav Antil and Jasdeep Cheema founded Jukebox Studios, which was acquired by music streaming service Gaana.
Affirunisa Kankudti. edited by