Seed15 December 2020

eXate secures £2.3m in seed funding led by Outward to expand its DataSecOps platform

The seed round was led by Outward with participation from ING Ventures and Triple Point Ventures.

£2.3MSeed

eXate provides a data software platform that automates the enforcement of privacy policies and regulations. The firm is based in London.

Data software firm eXate has secured £2.3m in a seed funding round led by Outward. The capital injection includes participation from ING Ventures and Triple Point Ventures. The financing will be directed towards accelerating platform development, growing the team, and expanding into new vertical sectors and geographic markets.

Founded by former HSBC digital business leaders Peter Lancos and Sonal Rattan, eXate provides a DataSecOps platform designed to help organisations navigate complex global data privacy regulations. The technology integrates multiple privacy-enhancing tools into a single application to automate data governance and policy enforcement.

From the founder

"The key to delivering the best value for clients is to fully integrate data, security and operations in a single application through DataSecOps. This investment from leading venture capital firms, including one of our major banking clients, is a validation of what eXate has achieved to date and provides a solid foundation to bring the value of DataSecOps to a larger audience of data-driven organisations."

Peter Lancos

CEO at eXate

Investor perspective

"Ensuring the protection of sensitive data is a mission-critical challenge for companies that wish to utilise data to deliver value to its stakeholders. eXate’s unique platform provides companies with the tools it requires to ensure data privacy and protection by design. The platform’s flexibility, speed of deployment and ease of use is capturing attention from some of the world’s largest financial institutions, all looking for simple and efficient ways to address this hugely complex problem. We are excited to back eXate’s exceptional team on their mission to simplify data protection through DataSecOps."

Andi Kazeroonian

Investment Manager, Outward