Funds for UK Firm Privitar

London-based data sharing software firm Privitar has closed a $40m Series B funding round, for use in accelerating the development of its compliance and privacy-focused products, and scaling rapidly in response to global demand.

The round, which follows a $16m Series A in July 2017, was led by global venture capital firm Accel, whose Partner Seth Pierrepoint will join Privitar's board of directors. Existing investors Partech, Salesforce Ventures, 24Haymarket and IQ Capital also participated.

Privitar is headquartered in London and was established in 2014 - in the past 18 months it has opened offices in New York, Boston, Paris, Munich and Singapore.

The firm's software allows public and private sector users including BT, HSBC and the NHS to publish and share data-driven insights in 'an efficient, trustworthy and compliant way'. CEO Jason du Preez comments: 'The world is increasingly aware of the importance of protecting private information and privacy engineering is becoming intrinsic to the way organizations manage and share data'. According to Pierrepont, 'There has been a noticeable increase in enterprises appetite for buying data privacy technology in recent years. Through the team's deep domain expertise and close ties to academia, Privitar has positioned itself as a thought leader in privacy innovation'.

The company is online at www.privitar.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.