US-based data privacy technology developer DataGrail secured $30m in series B funding yesterday from investors including marketing software supplier HubSpot, identity authentication service Okta and industrial equipment manufacturer Siemens.
Venture capital firm Felicis Ventures led the round, which included Basis Set Ventures, Operator Collective and all of the company’s existing investors, while Siemens invested through its Next47 unit.
Founded in 2018, DataGrail has built a privacy software platform for enterprise customers that caters to data protection laws including European Union’s General Data Protection Regulation, California’s Consumer Privacy Act and California Privacy Rights Act.
The company completed a series A round of undisclosed size in November 2019 that included American Express Ventures, the corporate venturing arm of payment services firm American Express, in addition to Okta subsidiary Okta Ventures and Basis Set Ventures.
Cloud Apps Capital led a July 2019 tranche sized at $5m as well as a $4m close the previous year that also featured law firm Gunderson Dettmer. Angel investor Steve Lucas is also among DataGrail’s shareholders.
