DataGuard raises $20m in Series A to provide GDPR-as-a-Service
German start-up DataGuard has raised $20 million in a Series A funding round led by One Peak Partners.
The Munich firm, which offers what it calls General Data Protection Regulation (GDPR)-as-a-Service, helps companies ensure they are compliant with the regional regulations in the European Union and beyond.
It claims that its platform can offer suggestions and improvements to a company’s existing IT infrastructure to make them more compliant.
DataGuard plans to use the capital to expand its business across Europe and the Americas, as well as a planned build out of its platform.
Since its launch in 2017 the privacy firm has managed to accrue more than 1,000 customers, and aims to grab more from the “millions of companies striving to comply with privacy regulation such as GDPR or California Consumer Privacy Act (CCPA).”
Kivanc Semen, co-founder of DataGuard, says that the firm will drive its new funding into a product roadmap that includes more automation across its privacy software suite and the development of new product categories.