Ethyca, a leader in data privacy engineering, announced a $10 million funding round led by Aspenwood Ventures and AVP. They are joining Ethyca’s existing investors, Des Traynor (Cofounder, Intercom), Guillermo Rauch (CEO, Vercel), Scott Belsky (CSO, Adobe), and Kevin Hartz (Cofounder, Eventbrite). This investment will help Ethyca enhance key product capabilities and grow its team.
The funding will drive Ethyca’s continued growth and support increasing demand for its enterprise-grade data privacy and AI governance platform.
Ethyca recently added industry leaders Mozilla, Axios, Remitly, and Ramp to its customer list, further solidifying its position as the leading provider of engineered data governance in the enterprise segment.
The platform offers value by improving data visibility and governance for the enterprise segment, helping clients accelerate their use of that data for their own growth.
Mozilla, Axios, and Ramp have all switched to Ethyca after discovering the breadth and depth of its solution compared to legacy providers and upstart market competitors.
Ethyca’s ability to solve complex data governance challenges is validated by its open-source privacy engineering solution Fides. And now the most widely adopted open-source privacy platform in the world, Fides powers privacy management for enterprises. Unlike traditional approaches, Fides integrates directly into technical infrastructure, enabling engineers to embed privacy at the core of their systems, delivering seamless compliance and data ethics at scale.
KEY QUOTES:
“At Ethyca, we’re tackling the most critical challenges in data governance—ethics and trust when it comes to data privacy, and all the compliance needs associated with it. This new funding combined with our rapid enterprise adoption validates our thesis that compliance and data are rapidly converging for the world’s biggest companies. Their need for a comprehensive data privacy solution is greater than ever, and we are ready to solve the toughest challenges out there.”
– Cillian Kieran, CEO of Ethyca
“Enterprises increasingly leverage proprietary data to anticipate and meet consumer needs. The demand for sophisticated engineering tooling to handle private data will soar and Ethyca is uniquely positioned to meet this critical demand.”
“Our conversations with dozens of data privacy software buyers at enterprises highlighted widespread dissatisfaction with current solutions, often seen as lacking robust backend infrastructure for comprehensive data privacy management.”
– Manish Agarwal, General Partner at AVP
“Ethyca has raised the bar for the privacy sector and has set a new bar for actually doing the management and deletion of data – this is both what consumers expect and want.”
– Lars Leckie, Managing Director of Aspenwood
“Fides is a game changer for privacy engineering. It empowers engineers to operationalize privacy from the start, offering transparency and flexibility that traditional solutions can’t match. It’s more than just compliance—it’s about building automated tools for data management that can adapt to the evolving landscape of privacy regulations, instead of relying on patchwork processes.”
– Neville Samuell, VP of Engineering at Ethyca
