AvePoint closes $200M round of investments

(Jan 9, 2020) The privacy technology market has been a priority for investors and venture capitalists. The early days of 2020 have shown this trend is not slowing down anytime soon as another tech vendor closed a funding round worth millions of dollars. Independent software vendor AvePoint announced it has raised approximately $200 million in financial commitments from minority equity investors. Leading the round of funding was a Series C Preferred Equity investment from TPG Sixth Street Partners. "I think t... Read More

AvePoint announces $200M in financial commitments

(Jan 9, 2020) The privacy technology market has been a priority for investors and venture capitalists, and the early days of 2020 have shown this trend is not slowing down anytime soon. Independent software vendor AvePoint became the latest tech company to receive financial capital, as it recently announced it has raised approximately $200 million in commitments from minority equity investors. In this piece for Privacy Tech, IAPP Associate Editor Ryan Chiavetta, CIPP/US, spoke with AvePoint Chief Risk, Privac... Read More

BigID receives $50M in new round of funding

(Jan 7, 2020) It was right in the heart of summer last year when investors and venture capitalists opened their wallets and injected an influx of cash into the burgeoning privacy technology market. Vendors received millions of dollars per each round of funding — here, here and here — at a time where the demand for privacy technology was at a steady escalation. The compliance requirements of the EU General Data Protection Regulation, California Consumer Privacy Act and other privacy laws around the world were... Read More

BigID receives $50M in funding

(Jan 7, 2020) BigID announced it has received $50 million in funding from Tiger Global. With the latest investment, the vendor has now raised $144 million in less than two years, according to BigID CEO and Co-Founder Dimitri Sirota. IAPP Associate Editor Ryan Chiavetta, CIPP/US, spoke with Sirota, who explains how the deal quickly materialized and BigID’s plans for its new financial resources. Sirota also discusses how venture capitalists and other investors are betting on privacy to follow a similar path the... Read More

Companies offer products to help with CCPA compliance

(Jan 6, 2020) More than 200 companies are offering products to help businesses comply with the newly enacted California Consumer Privacy Act, Bloomberg Quint reports. The CCPA went into effect Jan. 1 and enforcement is expected to start in July. It is thought companies will spend upwards of $55 billion on initial compliance. Startups, law firms and consultants are offering tools to minimize a company’s risk of exposing customers’ private information and to keep track of sensitive user data, as well as assista... Read More

BlueConic raises $13M in Series B funding

(Jan 3, 2020) Customer data platform BlueConic has raised $13 million in Series B funding to continue expanding its global footprint, MarTech Series reports. “In an era of consumer privacy regulations like (the EU General Data Protection Regulation) and (California Consumer Privacy Act), brands are unprepared to orchestrate individualized marketing for every stage of the customer (life cycle) while also respecting individual privacy,” BlueConic CEO and Co-Founder Bart Heilbron said. “Most brands still lack a ... Read More

Data privacy platform raises $5.4M in Series A funding

(Jan 2, 2020) Data privacy platform Osano announced it has raised $5.4 million in Series A funding, Help Net Security reports. The platform, used by more than 750,000 companies on 3.5 million websites, monitors all the vendors sharing a business’s data across all websites. With the funds, Osano will invest in further research and development, as well as marketing and additional staff. “There is a definitive need to bring transparency to the process of how companies deal with privacy, and we are very excited a... Read More

Arsenal FC's customer relations gets GDPR boost

(Dec 12, 2019) MediaPost reports how the Arsenal Football Club in London harvested positive relationships with customers by way of the EU General Data Protection Regulation. Arsenal's GDPR audit revealed the organization takes part in 800 types of data collection, leading to a data protection impact assessment and subsequent action plan. Going through the process worked in Arsenal's favor as far as streamlining data practices and better serving its customers. “If you have got a relationship built on trust, you... Read More

CCPA Readiness: Third Wave

(Dec 11, 2019) Throughout 2019, the IAPP and OneTrust have fielded surveys to U.S.-based subscribers of IAPP’s Daily Dashboard seeking to benchmark and track CCPA compliance efforts over time. This short report demonstrates the results of our third and final survey, which was disseminated in November 2019. Read More