Privitar provides a data privacy platform that delivers comprehensive privacy techniques and streamlines data provisioning so enterprises can safely use data to gain insights and support decisions. The platform protects customers’ sensitive personal data and supports big data analytics, streaming data and cloud adoption. Privitar has been used to broaden access to data for use cases such as anti–money laundering and other analytics while minimizing risk. The company emphasizes helping data-driven organizations worldwide manage sensitive data and extract maximum value from what they collect and use. Privitar was founded in 2014 and is headquartered in London, with regional headquarters in Boston and Singapore, a development center in Warsaw, and sales and services locations across the US and Europe. The company recently closed an $87 million Series C growth round that included a $7 million investment from HSBC, reflecting continued investor confidence. Privitar provides a centralized data privacy platform that automates enforcement of data protection strategies across modern data platforms, including cloud data lakes. The platform is used to protect customers’ sensitive personal data while retaining business value for analytics. Large regulated enterprises such as HSBC, Citi, the UK’s National Health Service and AstraZeneca are cited as customers. Privitar plans to use new funding to accelerate platform development, fuel continued innovation, expand internationally, and increase hiring across sales, services, and product development. The company reported strong momentum: it more than tripled annual recurring revenue year-over-year and grew global headcount 80% to over 140 employees. Privitar has added offices in Austin, Boston, Singapore, and Warsaw, supporting its international expansion. Founded in 2014, Privitar is headquartered in London with regional headquarters in Boston and Singapore and a development center in Warsaw. Privitar builds data-privacy and privacy-engineering software that helps organizations protect sensitive data while enabling analytics and insight sharing. The company offers capabilities designed to let customers publish and share data-driven insights in an efficient, trustworthy, and compliant way. Privitar says demand for its products has grown amid high-profile breaches and expanding regulation such as GDPR and CCPA. Its customer base includes large organizations such as HSBC, the UK’s National Health Service (NHS Digital) and BT. The company plans to use new funding to accelerate development of its privacy engineering products and scale in response to global demand. Privitar positions itself as a thought leader in privacy innovation with ties to academia and an annual community event, In:Confidence. Privitar provides data-privacy software that accelerates and automates the provision of privacy-preserving data, helping customers extract business value and generate data-driven insights. Its software is used to reduce the threat of advanced privacy attacks and to protect data using privacy-enhancing technologies. Customers span financial services, life sciences, the public sector, and telecommunications. Privitar was established in 2014 and is headquartered in London, with offices in New York and Paris. The company previously raised $16m in a Series A in July 2017 from IQ Capital, 24Haymarket, Illuminate Financial, Partech Ventures, CME Ventures and Salesforce Ventures. It plans to expand international operations—particularly on the U.S. East Coast—supported by a new strategic investment from Citi. Privitar builds privacy engineering tools to help organizations keep sensitive data private while enabling analytics. It offers two main products: Privitar Publisher, which tokenizes and encrypts identifying fields to create anonymized copies for investigative analytics and machine learning; and Privitar Lens, a privacy-preserving query interface that allows analysts to run aggregated queries (counts, sums, histograms) while preventing direct access to underlying sensitive data. The company applies differential privacy techniques, logs and audits all queries, and analyzes data to expose and remediate hidden identifiers. Its first customers are in financial services, pharmaceuticals, and government, and it plans to expand across other industries and into the US market. CEO and co-founder Jason du Preez, who previously founded and sold data distribution firm m35 to Reuters, leads the two-year-old company. Privitar has raised capital to expand its platform and commercial footprint, with total funding of around $21 million.

Total raised

$148M

Funding rounds

7

Latest round

Series C

Latest activity

Jun 2020