Privacera, a cloud-native data security and governance provider, recently announced that it has raised $50 million in a Series B3 funding round. The funding will accelerate the company’s product roadmap and scaling initiatives to meet the growing demand for secure data governance solutions.
This funding round also caps off a successful year for Privacera, launching several new products and services and expanding their customer base.
In this article, we will take a closer look at Privacera’s data security and governance platform and its benefits.
Overview of Privacera
Privacera is a global data security and governance provider that provides real-time governance and intelligence for all enterprise data, whether on-premises, in the cloud or hybrid. The Privacera platform automates data compliance across a wide range of regulatory, financial and operational sources to help organizations understand data usage and improve visibility into their corporate data landscape.
Privacera recently announced that they have raised $50 million to support their growth in the Data Security & Governance field. They went on to say that they plan to expand their solutions with new products and services to help enterprises better manage security risk, trust & compliance objectives, protect sensitive personal and confidential information and ensure customers can confidently use valuable corporate data without fear of privacy or security violations.
Privacera’s mission is to make it easier for organizations of all sizes to securely and reliably protect their most valuable asset – their customer’s trust – by enabling customers to govern every aspect of their digital infrastructure from day one with confidence. While operating at scale, Privacera makes sure its customers are aware of whom (or what) has access to their data assets, detect any anomalies in usage or activity patterns, identify compliance violations before they happen and safeguard against insider threats or cyberattacks.
Overview of Data Security and Governance
Data Security and Governance is an essential part of any organization to ensure data safe and orderly management. It focuses on the secure handling of data and creating governance protocols so that an organization can better protect its data from unauthorized access, misuse and disruption.
Data security generally applies to sensitive private information such as confidential customer records, financial documents, intellectual property and internal business operations. To protect this data, organizations should employ strict policies for access control, authentication and authorization procedures, physical security measures such as personnel screening policies and secure document handling processes.
For organizations that process large volumes of data, it may also be necessary to implement technical measures such as encryption or tokenization to safeguard certain types of unstructured or structured data. Additionally, organizations must consider emerging trends including cloud storage services by deploying additional protective measures like identity-and-access management software or encryption algorithms.
When engaging with a Data Security and Governance Provider like Privacera, organizations benefit from access to their specialized subject matter expertise and their respective suite of applications for managing business risk profiles in line with global regulations for privacy compliance laws. Recently announced during Privacy Week 2020 in the US, Privacera raised $50M Series B funding from Tenaya Capital focused on helping mid-market enterprises harness the power of automated cloud governance while protecting sensitive customer information stored in both structured & unstructured formats across all repositories whether hosted on-premise or through public cloud access models like SaaS/BaaS providers.
Privacera’s Solutions
Privacera, a data security and governance solutions provider, recently raised $50 million led by Insight Partners.
The company’s solutions enable organizations to securely govern and manage all policies, data, and analytics initiatives.
This article will discuss Privacera’s solutions in more detail, and what makes its platform unique compared to other data security and governance providers.
Platform Overview
Privacera helps companies discover, classify, and protect enterprise data across all repositories, applications and cloud services. As a result, security teams have full visibility into all data flows — including data in motion, at rest and in use. Privacera’s core platform floats across hybrid-cloud environments delivering multiple capabilities within a single solution to quickly assess, govern and protect critical data across organizational boundaries.
Privacera supports various governance requirements with autonomous cataloging, masking, alerting, reporting and analytics solutions. The platform makes it easy for organizations to apply relevant data security and privacy regulations to meet compliance obligations. It also allows teams to identify patterns of access with anomaly detection capabilities to prevent malicious or inappropriate information access. Lastly the platform enables users to specify who can access protected data all secured by Privacera’s centralized policy engine for granular control over privileges and access.
With its unified architecture customers may consolidate their existing catalogs scattered across various sources into a single view governed with common policies giving them visibility into their complete ecosystem across all private clouds and public clouds including AWS, Google Cloud Platform (GCP) & Microsoft Azure for fully auditable end-to-end protection of sensitive information held within their organization (Data Security). In addition, the platform offers users live insights into what’s happening with their sensitive assets and actionable insights: allowing users to make proactive decisions quickly while maintaining compliance (Governance).
Data Security
According to Gartner, Privacera is the leading provider of enterprise data security and governance software. The company’s platform offers intelligent, comprehensive protection for valuable enterprise data stored in the cloud, on-premises and across hybrid environments.
Its platform automatically scans data sources, continually detects sensitive data in multiple formats, extracts key points to dynamically classify files and documents, enforces policies through user access control, provides actionable insights into security risks and generates detailed audit reports on protected assets.
With its advanced technology capabilities such as machine learning-driven anomaly detection and automatic classifications of data types stored in various formats, organizations can secure their mission-critical assets while managing customer compliance.
Additionally, organizations can simplify the process by leveraging Privacera’s industry leading data security and governance technology to protect confidential information throughout an enterprise’s IT environment—no matter where that environment may exist—while mitigating risk factors associated with unauthorized access.
Data Governance
Data Governance defines rules and procedures for managing and organizing data across an organization. It establishes a framework that ensures data is consistent, secure, and compliant. When organizations implement Data Governance practices, they ensure that their employees have the correct access to sensitive data to do their jobs, while also protecting the overall security of the company’s records.
Privacera’s Data Security and Governance Platform provides organizations with strong data governance capabilities including:
- Data classification: Privacera classifies data according to its sensitivity to determine how it should be handled.
- Risk management: Privacera’s platform enables managers to assess risk associated with particular datasets to effectively manage them while ensuring compliance with regulations.
- Policy enforcement: Aggregates policies from various sources and enforces them on different kinds of data–– achieving a holistic approach towards governance across an enterprise.
- Automated compliance checks: Leverages machine learning algorithms to routinely check for deviations from internal policies and external regulations such as GDPR, DPA (UK) or CCPA (California).
Data Security and Governance Provider Privacera Raises $50 Million
Privacera, a leading data security and governance provider, recently raised $50 million in Series C funding. This investment will help the company to expand its platform and provide larger organizations with powerful enterprise-grade solutions.
Privacera, a data security and governance solutions provider, recently announced the successful close of its Series B funding round to $50 million. The financing was led by new investors Flashpoint Ventures, Pitango Growth and Icahn Enterprises, and significant involvement from current investors Tiger Global, 8VC, Sapphire Ventures and New Enterprise Associates (NEA). This latest round comes a little over two years after the combination of its Series A funding and Series B extensions led to a total investment of $30 million.
This funding will allow Privacera to accelerate product development on their platform and expand its customer base by appointing sales teams in additional global markets across Europe and Asia. They also plan to prioritize products that meet the emerging needs in data optimization through accelerated cloud migration, compliance requirements around protecting customer data from internal and external threats, and automated analytics for customer-level insights.
Impact of Funding on Company Growth
Privacera, a data security and governance solutions provider, recently announced the successful closing of $50 million in a funding round led by Apax Digital and TIBCO. The company’s suite of products is designed to help enterprises protect their data in an increasingly complex world of cyber threats.
This investment marks a significant increase in total funding since Privacera’s launch and will enable the organization to expand its offerings, future development activities and customer base. This funding also demonstrates growing investor confidence in the pioneering technology provided by Privacera and its potential to transform how companies secure their sensitive data.
Privacera plans to use this new capital infusion to quickly develop additional features for its software products and invest further in research and development. Both strategies should improve the company’s ability to offer customers more dynamic solutions for protecting data assets. The company also intends directed efforts toward identifying training opportunities for users on best practices for configuring that perform frequent assessments on health security settings. With these tactics, Privacera expects an acceleration of user adoption across small-to-easy business levels within multiple industries such as banking, energy, retail and technology services.
The additional funds from this latest round will empower Privacera’s team to quickly launch cutting-edge initiatives that have been long overdue in the market yet reluctant due to capital constraints. Furthermore, through its continued dedication to implementing globally accepted protocols for data protection compliance at all levels — corporate governance, regulatory standards, industry intelligence guidelines — this venture represents another step towards providing comprehensive solutions tailored specifically for each customer’s individual needs while giving them peace of mind knowing they are one step ahead along their digital transformation journey.
Benefits of Using Privacera
Privacera is a cloud-native data security and governance platform for enterprises and organizations. The company helps organizations protect data and ensure it is used responsibly. Privacera recently announced a $50 million investment to expand its reach and capabilities further.
So, what benefits can Privacera offer users? First, explore some top advantages organizations can gain from its platform.
Improved Data Security
Organizations rely on data to make smarter decisions that improve operations, customer experiences, and security. However, managing data across many locations and in different formats leads to challenges.
Using Privacera’s Data Security and Governance platform, organizations can improve their data security by identifying sensitive data quickly, setting optimal policies for its protection, and ensuring compliance with industry standards.
The centralized Data Governance platform offered by Privacera helps organizations better understand their overall risk posture by providing visibility into where sensitive information is stored in their environment. It then allows them to apply appropriate security measures, such as encryption and access control lists (ACLs), to protect the data from unauthorized access.
Privacera’s intuitive policy engine automates processes to identify potential violations of regulations such as GDPR or CCPA or other compliance considerations like PCI Levels 1 or 2 before they become issues. Organizations also benefit from real-time discovery of rogue assets within their domain so they can take immediate action if needed.
In addition to its automated governance capabilities, Privacera’s Data Security and Governance platform provides role-based access control to ensure that only individuals with the right permissions can access sensitive information like customer or financial records. This helps companies maintain an airtight audit trail of who has accessed or modified specific pieces of data over time providing an added layer of security for the mundane but important day-to-day tasks handled in a business environment.
Enhanced Data Governance
Privacera’s platform offers various capabilities to help organizations manage and control data access and use better. Their powerful tools allow organizations to accurately define and precisely control users’ access rights dynamically, beyond traditional group-based permissions.
As part of their data governance features, Privacera allows administrators to create role-based privilege profiles to provide granular permission settings for users and groups within an organization, using real-time attribute-based access control (ABAC) and policy-driven approaches. They also offer specialized auditing capabilities that enable administrators to gain insight into privilege activities over time, trace user actions and audit privileged user roles.
By utilizing Privacera’s robust platform, organizations can maintain a reliable system of checks and balances over how data is accessed and used.
Increased Efficiency
One of the key benefits of using Privacera as a data security and governance solution is its increased efficiency. The platform leverages artificial intelligence to automate manual processes such as data access control, user management, and auditing. By using AI to automate these processes, users can more quickly action security requests while at the same time reducing manual effort and errors. The result is an optimized user experience with improved accuracy and increased efficiency compared to manual-based solutions.
In addition to leveraging AI for automating mundane tasks around data governance and security, Privacera enables organizations to become more agile in their decision making by providing insights into their data pipeline. From capturing meaningful insights about what’s happening inside an organization’s data environment to better understanding compliance requirements – all this can be done with just a few mouse clicks. And to ensure that all teams have access to the information they need when they need it, Privacera provides reporting capabilities which allow users to quickly create customized dashboards at any stage of their journey – whether it be analyzing live operations or preparing up-to-date executive reports.
Conclusion
Privacera is an enterprise security and governance platform that provides organizations with the data insights and control they need to ensure their data is secure, compliant, and governed properly. The platform combines deep security analytics with powerful machine learning algorithms to help businesses ensure the safety of their data and compliance across both on-premise and cloud environments.
Through Privacera’s solution, companies can monitor all aspects of data security, including Access Control Lists (ACLs), authorization rules, audit trails and user access.
Users can quickly connect Privacera to their existing data sources such as databases and streaming services using a wide range of built-in integrations. This integration allows them to gain actionable insights to understand their sensitive data, identify weaknesses in their security posture, set up alerts for anomalies or malicious activity and improve access control practices across the entire organization.
The solution also offers comprehensive Governance capabilities which enable users to audit their entire Data Lake to identify any issues around ownership or usage rights, ensure compliance with internal policies and government regulations such as GDPR or HIPAA.
Additional features include dynamic field masking for Remediation & Redaction, classification of sensitive assets via metadata tags and automated rule sets to promptly resolve policy violations. With its powerful governance and security solutions, Privacera has emerged as a leading provider in the Data Governance & Security space. In addition, the company recently raised $50 Million in funding from investors such as Chalkstream Ventures; Sequoia Capital India; Tiger Global Management; Third Point Ventures & Lightspeed Venture Partners.
Impact of Funding on Company Growth
The funding of Privacera’s data security and governance platform indicates a commitment to expanding the resources to improve its services and enhance customer relationships. With the $50 million investment, one of the largest by a data security provider in recent years, the company plans to double its headcount, expand its global enterprise customer base, and increase its technology investments.
Additional funds allow Privacera to accelerate product innovation around advanced analytics and machine learning, while broadening its partner programs, such as technology integrations with public cloud providers and enterprise customer deployments. This will also help extend Privacera’s presence into international markets across Europe, Latin America, Asia Pacific and Africa.
The funding demonstrates strong investor confidence in Privacera’s business model for helping customers maintain secure data governance policies across any number or type of data for all purposes including compliance and operational workflows. With this funding injection, Privacera is well-positioned to significantly expand its services globally over the next few years.
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tags = Data Security, Governance Provider, Privacera, $50 Million, Cloud data, privacera gdpr 50m partnerswiggersventurebeat, Founded in 2016, multiple cloud services
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