Ethyca provides an enterprise-grade data privacy and AI governance platform that embeds privacy into technical infrastructure through an engineering-first approach. Its open-source project, Fides, is described in the article as the most widely adopted open-source privacy platform and powers privacy management for enterprises. Ethyca focuses on improving data visibility and governance to help customers accelerate use of proprietary data while meeting compliance and ethics requirements. The company reports rapid enterprise adoption, adding customers such as Mozilla, Axios, Remitly, Ramp and others in 2024. Ethyca plans to enhance product capabilities, grow its team, and expand globally following a recent rebrand and fresh funding. The company says it will use the new investment to support continued product development and customer success. Ethyca is a New York–based privacy-by-design technology startup that builds APIs, detection tools and analytics to help organizations adhere to data privacy laws such as GDPR. Its commercial Pro tools integrate with some 700 apps to monitor privacy policy alignment and it counts dozens of customers, including Away, IDEO and InVision, plus unnamed public enterprises. The company has open sourced Fides, a definition and configuration language and toolkit (initially Fides Ops and Fides Control) to let developers embed privacy checks into CI/CD workflows and orchestrate privacy rights. Fides integrates with databases and platforms including DynamoDB, Redshift, Snowflake, Databricks, MongoDB, MariaDB, SQL Server, MySQL and PostgreSQL, and has Slack and GitHub as supporters. Ethyca's proprietary APIs also automate data-rights requests and detect problematic data patterns before code reaches production. The company intends to use the newly raised capital to continue commercial development, hire staff and contribute to the Fides open-source community; it has raised $27.5M to date. Ethyca provides an infrastructure platform that gives developers and product teams tools to ensure consumer data privacy throughout application and service design. Its premium product, Ethyca Pro+, is used by consumer-driven brands such as Away, Parachute Home and Aspire IQ. The company was founded in 2018 by Cillian Kieran and Miguel Burger-Calderon and is headquartered in New York. Ethyca has raised capital to date, bringing total funding to $20M. The company intends to use the Series A proceeds to continue to expand operations and broaden its business reach. No revenue or user metrics are disclosed in the article. Ethyca offers a data platform that discovers sensitive data, lets customers view, edit, or delete their records, and enforces access controls across an organization to support GDPR compliance. The product emphasizes automation and privacy-by-design at the infrastructure level to reduce reliance on consultants and manual remediation. Ethyca says it does not capture raw personal data, instead locating information via unique identifiers. The company has been around for more than a year and spent its first year developing the solution. Management frames the recent financing as validation of the market need and intends to use the product to address multiple privacy frameworks beyond GDPR. The platform’s automation is positioned to lower the complexity and cost of compliance for customers.

Total raised

$35M

Funding rounds

4

Latest round

Equity

Latest activity

Dec 2024