We live in an era of data-driven digital transformation. Protecting sensitive information has become increasingly important for organizations looking to protect consumer data and comply with privacy regulations. It’s not just an IT issue - it’s now a board-level issue, a front-page issue and even a congressional issue.
When I met Balaji and Bosco in early 2020, it was clear they were well equipped to solve data access problems. As seasoned entrepreneurs, they had already tackled major privacy, security, and governance challenges in diverse cloud environments.
With the proliferation of cloud-based sources and services, Balaji and Bosco saw the importance of leveraging a single solution to manage data privacy and compliance across multiple cloud services. So in 2016, they built Privacera. The Company’s SaaS-based data security and governance platform accelerates customer traction for data governance in multi-cloud environments and enables analytics teams to access data without compromising compliance with regulations such as GDPR, CCPA, LGPD, and HIPAA.
With Privacera, Balaji and Bosco accurately predicted a need for enterprises to control how data in the cloud is managed and secured. By providing automated detection of sensitive data, unified access control, and seamless encryption across dozens of cloud and analytical service leaders such as AWS, Azure, Databricks, Google Cloud and Snowflake, Privacera has earned the trust of a growing list of Fortune 500 customers.
Privacera’s product, coupled with Balaji and Bosco’s dedication to their ever-expanding customer base convinced us to lead their Series A just 9 months ago. Today, we’re excited to continue to support the Privacera team as they announce their Series B investment, and welcome Insight Partners, Sapphire Ventures and Battery Ventures to the team!
- Eric Wolford, Accel