# Privacera

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/privacera

- Industry: Software
- Headquarters: Fremont, US
- Website: www.privacera.com
- Total disclosed funding: $67M
- Latest round: Series B (Feb 19, 2021)
- Investors on record: 7

## About

Privacera, Inc., based in the US, develops data security and governance solutions that simplify compliance and access control for enterprises, ensuring effective management of sensitive information across diverse environments.Privacera, Inc. was founded in 2016 and operates from its headquarters in Fremont, US. The company specializes in data security and governance, providing innovative solutions for enterprises. Balaji Ganesan and Don Durai co-founded the firm, with Ganesan currently serving as the CEO. The company has raised a total of USD 50.00 mn across three funding rounds, with the latest being a Series B round on February 19, 2021, led by Insight Partners and supported by other investors such as Accel and Battery Ventures. The current valuation of Privacera is USD 351.55 mn.Privacera offers a comprehensive data security and governance platform focused on simplifying access control and compliance for enterprises. Its core product, Privacera AI Governance (PAIG), provides organizations with tools to discover, secure, and monitor sensitive data across a wide range of environments, ensuring adherence to regulations such as GDPR, CCPA, HIPAA, and PCI-DSS. The platform employs advanced features like Attribute-Based Access Control (ABAC) and Tag-Based Access Control (TBAC), allowing users to implement security policies consistently across more than 50 data sources, including cloud storage, databases, and on-premise systems. By leveraging a federated approach to data stewardship, Privacera supports local governance while maintaining global security standards, making it suitable for large enterprises dealing with data silos and regulatory complexities. The company serves a diverse client base, including Fortune 500 companies, across multiple geographical markets, including North America and Europe.Privacera generates revenue through a subscription-based model, enabling clients to access its data security and governance solutions on a recurring basis. Transactions typically occur as annual or multi-year subscriptions, where organizations acquire licenses for Privacera AI Governance tailored to their specific needs, ensuring comprehensive management of data access and compliance. Clients benefit from a unified platform that consolidates various security and governance functionalities, which helps reduce operational costs and complexity. The pricing structure is designed to accommodate the scale of enterprise clients, providing flexibility based on the number of data sources and users. This transactional framework underscores the company's commitment to delivering value through streamlined data governance and enhanced security capabilities.Privacera plans to leverage its recent Series B funding of USD 50.00 mn, raised on February 19, 2021, to accelerate its market strategy and enhance its unified system for data governance and privacy across multiple cloud services such as Databricks and Snowflake. The company aims to continue expanding into new geographical regions and markets to support its growth strategy. Specific details about upcoming product launches have not been disclosed, but the funding is set to bolster the development of new features aimed at further improving client data management capabilities.

## Funding rounds

- Series B, Feb 19, 2021, $50M — Accel, Battery Ventures, Insight Partners, Sapphire Ventures, Cervin Ventures, Point72 Asset Management
- Series A, Jul 15, 2020, $14M — Accel, Cervin Ventures, Alchemist Accelerator, Point72 Asset Management
- Seed, Oct 10, 2018, $3.8M — Cervin Ventures, Point72 Asset Management

## Investors

- Cervin Ventures (https://capitalatlas.ai/funds/cervin-ventures) — Seed, Series A, Series B
- Point72 Asset Management — Seed, Series A, Series B
- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B
- Alchemist Accelerator (https://capitalatlas.ai/funds/alchemist-accelerator) — Series A
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series B
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series B