DataGrail Closes $45 Million Series C

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; DataGrail&comma; which operates a data privacy platform&comma; has closed &dollar;45 million in Series C funding in an oversubscribed round that brings the company&&num;8217&semi;s total funding to &dollar;84&period;2 million&period; Third Point Ventures led the round&comma; with participation from Thomson Reuters Ventures and Sixty Degree Capital as well as previous investors Felicis Ventures&comma; Operator Collective&comma; Next47&comma; Cloud Apps Capital and others&period;<&sol;p>&NewLine;<p>Third Point Ventures Partner Dan Moskowitz will join DataGrail’s Board of Directors as the company continues to scale to meet the needs of an evolving data privacy landscape&period;<&sol;p>&NewLine;<p>Serving companies from mid-market to the world’s largest enterprises&comma; DataGrail’s rapidly growing client base consists of companies that depend on the platform to help effectively manage massive amounts of personal data&period; Leaders like Salesforce&comma; New Balance&comma; Instacart&comma; Skillshare and MyFitnessPal have chosen DataGrail as their solution to build trust with consumers while staying on the right side of an expanding list of state&comma; national and international data privacy regulations&period;<&sol;p>&NewLine;<p>This funding comes as the burgeoning global data privacy software market was &dollar;1&period;68 billion in 2021 and is projected to hit &dollar;25&period;85 billion by 2029 as more organizations aim to optimize their privacy practices&period; Even the most well-intentioned companies aren’t sure about where all of their data lies and&sol;or how to adhere to customer requests efficiently without a negative impact on their businesses&period; Not only that&comma; privacy regulations—such as GDPR or CPRA—are often vague&comma; hard to understand&comma; yet require organizations to collaborate with colleagues who have less knowledge about the laws and their requirements&period;<&sol;p>&NewLine;<p>DataGrail aims to help&comma; not only with its industry-leading software platform but through a <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;datagrail&period;io&percnt;2Fcommunity&percnt;2F&amp&semi;esheet&equals;52942643&amp&semi;newsitemid&equals;20221012005452&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;newly&plus;launched&plus;community&amp&semi;index&equals;2&amp&semi;md5&equals;0275da6f6be377b18106ef2e5e6a938f" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">newly launched community<&sol;a> that connects privacy professionals so that they can actively learn together and build a privacy powered future&period; The company also released a new product today—<a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;datagrail&period;io&percnt;2Fpress&percnt;2Fdatagrail-launches-risk-monitor-risk-assessment-product&percnt;2F&amp&semi;esheet&equals;52942643&amp&semi;newsitemid&equals;20221012005452&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Risk&plus;Monitor&amp&semi;index&equals;3&amp&semi;md5&equals;93a817fa922bed28011efdad6b8b6315" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Risk Monitor<&sol;a>—that makes it easier for privacy teams to collaborate cross-functionally on privacy-related tasks&period; Risk Monitor reduces the workload on day-to-day users while evangelizing good privacy practices across companies by unpacking the legalese behind data privacy initiatives when filling out risk assessments—like DPIAs&comma; PIAs or any third-party assessments required&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;DataGrail is leading companies through a period of radical transformation in which consumers are demanding changes that alter how business is conducted&comma;” said Moskowitz&period; &OpenCurlyDoubleQuote;The company removes the complexity from data privacy management to enable businesses’ actions to match their intent and their policies&period; In return&comma; companies are better positioned to win consumers’ trust at a time when customer acquisition and retention is essential&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;DataGrail’s technology and approach are far ahead of others in the space&comma; and the company can fulfill a vital need for our customers&comma;” said Tamara Steffens&comma; Managing Director of Thomson Reuters Ventures&period; &OpenCurlyDoubleQuote;We see enormous potential&period; In fact we are exploring a partnership to introduce the DataGrail platform to the many GCs&comma; law firms and accounting firms who use Thomson Reuters’ solutions&period;”<&sol;p>&NewLine;