Corporate Data Privacy platforms

Updated: August 13, 2023

Corporate data privacy platforms are essential tools that help businesses protect sensitive data and comply with data privacy regulations and standards. These specialized platforms provide a comprehensive suite of features, including data discovery, data classification, and data access controls, to identify and safeguard sensitive information across the organization's systems and applications. Corporate data privacy platforms often include features for data encryption, data masking, and data anonymization, ensuring that data is protected from unauthorized access and breaches. With real-time monitoring and auditing capabilities, these platforms enable businesses to track data access and identify potential privacy risks. Moreover, corporate data privacy platforms often offer compliance reporting and workflow management, streamlining the process of demonstrating regulatory compliance. By implementing corporate data privacy platforms, businesses can establish a strong data protection framework, build trust with customers, and mitigate the risk of data breaches, safeguarding their reputation and ensuring data privacy is at the forefront of their operations.

See also: Top 10 Cloud Security Software

2023. Osano, a data privacy management platform, nabs $25M



Osano, a startup that develops a platform designed to facilitate the effective management of data privacy for companies, has successfully secured $25 million in a Series B funding round. At its core, Osano functions as a comprehensive data privacy platform, empowering organizations to construct, oversee, and expand their privacy initiatives from the ground up. Notably, it boasts the capability to seamlessly integrate with a wide range of websites, Android applications, and iOS applications, thereby imbuing them with robust data control functionalities. Leveraging the power of artificial intelligence, the platform enables enterprises to pinpoint and categorize the storage of sensitive information across their diverse data repositories. This innovative approach is accompanied by an array of tools tailored towards privacy-focused data administration. These tools encompass functionalities such as facilitating user-consent for cookies (granting users the option to permit or decline data-collecting cookies) and overseeing subject rights (encompassing the rights accorded to users concerning personal data or information related to them).


2022. DataGrail announces automated risk assessment tool and $45M investment



DataGrail, a startup specializing in assisting companies with compliance in the ever-expanding realm of privacy regulations, has successfully raised $45 million in Series C funding. The company focuses on developing plug-ins for commonly used data-intensive applications to automate data discovery and ensure compliance. In addition to this achievement, DataGrail has unveiled a new solution called Risk Monitor, an automated risk monitoring tool that enables companies to swiftly create assessments of third-party application risks. This tool simplifies the process of generating Data Protection Impact Assessments (DPIAs) by automating the assessment-building procedure, thereby reducing the manual effort required to evaluate data usage within a specific application. As a result, privacy managers experience a reduced workload, while simultaneously demonstrating proper privacy practices to other stakeholders within the organization.


2021. Piiano raises $9M to help businesses protect their PII



Piiano, a startup dedicated to assisting businesses in safeguarding their customers' data privacy, has secured $9 million in funding. Piiano's fundamental concept revolves around the understanding that data breaches are essentially unavoidable. Therefore, the key to ensuring the security of user data lies in eliminating personally identifiable information (PII) from data sets and implementing complete pseudonymization of customer data. According to the company, the existing approaches to data security fail to effectively address this challenge. It is common for companies to lack knowledge regarding the locations of all PII data, which is why many enterprises invest in visibility tools as a solution.


2021. Skyflow’s data privacy API business raises $45M



The competition in the corporate data privacy market is intensifying, evident by the recent announcement of Skyflow securing $45 million in Series B funding. Skyflow distinguishes itself by providing an API-driven solution that securely stores personally identifying information (PII) and other sensitive data on behalf of its customers. By leveraging an API-centric approach, Skyflow aims to simplify the complexities associated with privacy, encryption, and data management, offering developers a convenient and comprehensive solution. In essence, Skyflow assumes the responsibility of handling the intricate tasks involved in storing PII and other potentially sensitive data for its customers, utilizing a zero-trust vault that employs polymorphic encryption for added security.


2020. Ethyca raises $13.5M to help businesses automate data privacy and compliance



Ethyca, a platform that enables organizations to identify the utilization of sensitive data and offers a user-friendly set of API tools for creating permissions, reporting, and analytics, has secured $13.5 million in funding. The company has garnered a substantial customer base, including prominent tech companies. Ethyca addresses the pressing concern of online privacy compliance, which has emerged as a crucial issue due to regulations and the profound integration of the online world into our daily lives. The potential consequences of mishandling privacy can be catastrophic, making Ethyca's solution invaluable.