Privitar secures £31.4m Series B funding led by Accel to advance privacy engineering products
The Series B round was led by Accel with participation from Partech, Salesforce Ventures, 24Haymarket and IQ Capital.
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.
Privitar has secured £31.4m in a Series B funding round led by Accel, with participation from existing investors including Partech, Salesforce Ventures, 24Haymarket and IQ Capital. The capital will be directed towards accelerating the development of the company's privacy engineering products. Seth Pierrepont of Accel will join the board of directors following the transaction.
The raise comes amid heightened corporate and consumer focus on data protection, driven by regulatory shifts such as the GDPR in Europe and the CCPA in the United States. Privitar serves a client base that includes HSBC, NHS Digital and BT.
From the founder
"The world is increasingly aware of the importance of protecting private information and privacy engineering is becoming intrinsic to the way organizations manage and share data."
Jason du Preez
CEO at Privitar
Investor perspective
"There has been a noticeable increase in enterprises’ appetite for buying data privacy technology in recent years. Through the team’s deep domain expertise and close ties to academia, Privitar has positioned itself as a thought leader in privacy innovation. We’re excited to be joining Privitar on its mission of becoming the standard for enterprise data privacy."
Seth Pierrepont
Partner, Accel
Use of funds
- 01Continue product development
