San Francisco based start-up DataGrail raises USD 30 Million funds

California based start-up DataGrail has secured USD 30 million funds on 10^th of March in series B round led by Felicis Ventures. 

Investors: The acquisition of USD 30 million took place in the series B funding round led by Felicis Ventures along with the participation from previous investors like Operator collective, Okta Venture and Hubspot Ventures. 

What the funding is for: The freshly acquired funding would be utilized for expanding the reach of the company all over the world and also to focus on the development and advancement of the user client interface. 

About the company: DataGrail is a privately held organization which operates under the computer software sector. Its headquarters is established in San Francisco, California and has a work strength of around 51-200 employees. They also deal with various specialties like GDPR compliance, software and data protection. DataGrail is basically an organization which is a data privacy start-up which supports businesses navigate the growing area of privacy regulations. 

Founders of the company: Daniel Barber, Earl Hathaway and Ignacio Zendejas

Founded year: 2018 

What the CEO has to say: “DataGrail is the first integrated solution with over 900 integrations to different application and infrastructure platforms which allows the product to detect when new apps or infrastructure platforms are added and then also perform automated data discovery across those applications. This helps users find customer data wherever it lives and enables them to comply with legal requirements to manage and protect that data. Daniel Barber.” — Co-founder of DataGrail. 

What the investors have to say: “One of the things which attracted us to DataGrail was that we had to implement GDPR regulations at a previous venture and felt the pain first hand. She said that her firm tends to look for start-ups in large markets where the product or service being offered is a critical need, rather an option and she believes that DataGrail is an example of that. I really liked the fact that privacy management is such a hard problem and it is not optional. As a business you have to manage privacy requests which you may have to do manually or do it with a solution like DataGrail.” — General Manager at Felicis Ventures. 

“Our company is both a customer and an investor because DataGrail is helping HubSpot customers to navigate the complexity of privacy regulation. DataGrail’s unique ecosystem approach where they are integrating with SaaS and business applications is an easy way for many of our joint customers to protect their customers’ privacy.” — Co-founder at HubSpot. 

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