The privacy engineering software company raised £13m from Partech Ventures, CME Ventures and Salesforce Ventures to scale its operations.
"Advanced analytics and machine learning applications are fuelled by data, which is often sensitive. Privitar’s software enables our customers to innovate rapidly while maintaining an uncompromising approach to data privacy. We believe the use of technological controls to protect privacy is essential to preserve customer trust in the data-driven economy."
The seed round was led by 01 Ventures with backing from individual members of the UKBAA.
"This marks a break with first generation ‘content recommendation’ companies like Taboola and Outbrain, which focussed on pushing adverts and clickbait ‘sponsored content’ rather than giving users what they really wanted."
The Series A round was backed by intu, Breed Reply, and Finance Wales.
"This is an exciting moment for enModus. Having intu, such a key player in commercial real estate, joining our key investors and supporting enModus is a validation that our technology is the best fit for safer and smarter buildings and that we provide our customers with a platform that helps them manage their energy efficiency priorities in the most effective way."
Beringea leads a £3.5m investment into app commerce platform Poq to support international expansion.
"The app economy is growing at a miraculous speed. A recent report estimates that by the end of 2021, it will be worth $6.3 trillion globally. Mobile commerce is the single largest driver of growth in this sector, and with mobile transactions becoming more and more convenient we expect this trend to continue. The development of apps to support this growth is crucial."
