Secuvy, the cloud-native, contextual data privacy & security platform, has announced the successful completion of its funding round from investors. The funding will be used in accelerating company growth plans, expanding the team, and further developing and enhancing the Secuvy privacy & security platform. The latest funding round was led by Dell Technologies Capital & WestWave Capital, with participation from Z5 Capital.
Currently, businesses operating online must comply with more than 130 privacy regulations globally with new regulations being introduced frequently and existing laws getting updated. Failure to satisfy those regulations can mean millions of dollars in fines and significant damage to brand reputations.
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Founded in 2019, Secuvy’s cloud-native platform is purpose-built to transform data security and compliance strategies for today’s modern enterprise via Self Learning AI workflows. The platform provides visibility into sensitive structured and unstructured data across hundreds of sources at a petabyte-scale. This gives companies an automated view into data privacy compliance and governance so they can more easily mitigate risks.
“Data security and privacy is a significant cause of global concern and most companies struggle without the right tools to support compliance in an already complex environment. We founded Secuvy to give customers a competitive edge when mining qualitative, meaningful insights from data without introducing security risk or failing to meet regulatory requirements,” said Vaibhav Mehrotra, CEO and co-founder, Secuvy. “Today’s funding is a significant milestone for us and we appreciate our investors’ support and belief in our vision.”
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Using Self Learning AI workflows Secuvy tracks, monitors, and alerts sensitive data in the cloud, on-prem, file shares and legacy systems, Secuvy is a centralized platform for discovery of sensitive data in mix mode environments. The platform’s contextual intelligence graph of individuals provides a “single pane of glass” view, allowing organizations to easily comply with global privacy laws and secure data.
“Data privacy is a top priority for every enterprise company that handles any type of personal data, but current solutions have not been adequate across several dimensions,” said Ryan Wexler, investor at Dell Technologies Capital. “The team at Secuvy has taken a forward-looking approach, building a modern, fully cloud-native platform. They can easily scale to meet their customers’ growing and ever more complex needs.”
“SecuvyAI is a game-changer in the data privacy and security industry, and we are proud to lead this funding round,” said Warren Weiss, managing partner, WestWave. “Their innovative technology and approach to data privacy compliance are critical in today’s ever-evolving regulatory landscape, and we are excited to support their growth and expansion.”
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