- Data privacy management leader DataGrail announced that it received funding from American Express Ventures, Okta Ventures, Basis Set Ventures, and Cloud Apps Capital Partners
DataGrail — a leader in data privacy management — has announced that American Express Ventures (strategic investment group of American Express) and existing investors Okta Ventures, Basis Set Ventures, and Cloud Apps Capital Partners have invested in the company’s Series A round of funding. This round of funding will enable DataGrail to accelerate growth and meet the increasing demands from customers and prospects.
DataGrail’s Platform helps businesses operationalize and manage privacy management, including the accessing and deletion of personal data. And it has over 150 pre-built connectors with companies like Salesforce, Adobe, Oracle, and AWS thus enabling businesses to discover and map personal data within seconds rather than weeks or months. As a result, DataGrail’s customers can confidently reduce inefficiencies and eliminate error-prone processes while helping them continuously comply with data privacy regulations.
“American Express has built its reputation on trust, security, and service, and we’re excited to have them as financial backers,” said Daniel Barber, CEO and co-founder of DataGrail. “With this investment, we intend to accelerate growth in our product development to support the entire ecosystem of companies affected by a rapidly changing privacy environment.”
DataGrail’s Platform has several features and functions that enable companies to process privacy requests and manage consent and preferences. For example, there is Data Discovery and Mapping — which uses DataGrail’s Live Data Map to discover and map all the places across an organization that contain personal data, including identifying data on servers and data lakes. Plus it is constantly refreshed so any changes made to the systems accessing personal data are reflected automatically. And it has Company-Wide Synchronized Consent & Preference Management where DataGrail synchronizes all preferences across all departments. Plus it has Privacy Requests Streamlined and Zero-Code Onboarding.
“DataGrail’s technology enables businesses to efficiently access or delete data on demand for their customers, helping them respond to evolving privacy and compliance expectations,” added Dana Eli-Lorch, Managing Director at Amex Ventures. “We’re pleased to support DataGrail’s next stage of growth.”
