Series A18 July 2017

Privitar secures £13m Series A funding led by Partech Ventures to accelerate product development and US expansion

The privacy engineering software company raised £13m from Partech Ventures, CME Ventures and Salesforce Ventures to scale its operations.

£13.0MSeries A

Privitar provides a leading data privacy platform that helps organisations protect sensitive information and meet regulatory standards. The company works with major financial institutions and healthcare providers to manage data securely at scale.

Privacy engineering software provider Privitar has secured £13m in a Series A funding round. Partech Ventures led the financing, with contributions from CME Ventures, Salesforce Ventures, and existing backers IQ Capital, 24Haymarket and Illuminate Financial. The capital will support product roadmap acceleration and international expansion into the United States.

The raise highlights growing corporate focus on data privacy amid stricter regulatory frameworks such as the General Data Protection Regulation. Privitar provides software that allows enterprises to run advanced analytics and machine learning applications on sensitive data without compromising security.

From the founder

Investor perspective

"Data-driven decision making and intelligence is becoming critical for all businesses. Firms cannot afford to compromise on privacy protection given the potential consequences to brand and reputation. We have decided to invest in Privitar because we see them as an excellent option for organisations that want to get the most of their data while ensuring full customer trust"