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The company experiences rapid growth in customer adoption, global presence, and product capabilities -- launches Freemium and Self-Service offerings
SAN JOSE, Calif. -- SECURITI.ai, the leader in PrivacyOps and data security automation, today announces $50 million in Series B financing led by General Catalyst with participation from Mayfield. The latest round comes months after the company’s Series A and brings total fundraise to $81 million. The company is also announcing growth milestones, international expansion and senior management additions.
Since its launch, SECURITI.ai has garnered momentum and growth in key areas:
“We have closely watched the SECURITI.ai team execute on their mission and it’s convinced us to double down on our investment in the company. The SECURITI.ai team has leveraged its deep enterprise cloud security, data protection and governance expertise to build a unique PrivacyOps platform that customers are excited about,” said Dr. Steve Herrod, Managing Director at General Catalyst. “Privacy of personal information is of growing concern across the globe, and SECURITI.ai is very well-positioned to help companies properly provide this privacy and comply with increasing regulations.”
PRIVACI.ai enables enterprises to be responsible custodians of their consumer’s data, comply with global privacy regulations and bolster their brands. It is the only platform that addresses all critical challenges organizations face with modern privacy compliance:
To learn more about how PRIVACI.ai works, you can watch the video here.
“We chose SECURITI.ai for our privacy operations because it was the only platform that offered a scalable one-stop solution. Their PrivacyOps framework provides real-time data inventory, people-data-graph building and robotic automation,” said Marty Collins, Chief Legal & Privacy Officer at QuinStreet. “This enables us to not only meet current CCPA obligations now but also plan to meet growing consumer, regulatory and partner expectations around data privacy.”
The company is also launching new products including a freemium offering for data subject request (DSR) fulfillment, as well as a self-serve portal that simplifies onboarding of a variety of privacy compliance solutions. To learn more about how these solutions work, you can watch the video here.
SECURITI.ai is the leader in AI-Powered PrivacyOps, that helps automate all major functions needed for privacy compliance in one place. It enables enterprises to give rights to people on their data, be responsible custodians of people’s data, comply with global privacy regulations like CCPA and bolster their brands.
The company was formed with an all-star team of executives and technologists from Symantec, Elastica, Bluecoat and Cisco. President and CEO, Rehan Jalil, was previously the CEO of Elastica and SVP and GM of Cloud Security at Symantec. Before Symantec, Jalil merged his last company Elastica for $280 million with Bluecoat, and the combined company was subsequently acquired by Symantec for $4.7 billion. The company is headquartered in San Jose, CA. To learn more, please visit PRIVACI.ai.