Privacera, an industry-leading cloud access and data governance platform, recently announced that they have raised a new round of funding, bringing the total investment in the company to over $65 million. So why are investors excited about this company?
Early Investment in a Talented Team
In 2019, we were the first institutional investors in the company and have continued to invest in subsequent rounds, including the most recent financing. When we first met Balaji Ganesan and Don Bosco Durai, the founders at Privacera, we instantly connected with their vision. Enterprises are undergoing digital transformation to accelerate the speed and agility with which they can make business decisions. They are increasingly making data-driven decisions. To enable these decisions to be made collaboratively by geographically dispersed teams, critical business data must reside in the public cloud. Often this data is the most sensitive and private data of the Enterprise or their customers, and Enterprises needed a solution to protect this data from bad actors. To reduce information leakage risk from digital transformation, Enterprises were looking for a proven data governance and access control solution and that is exactly what Privacera provides.
The founders and team at Privacera were the main contributors to the development of Apache Ranger, the leading data governance solution for Hadoop. Apache Ranger is widely deployed and trusted by Enterprises today, managing petabytes of data around the world. As data platforms proliferated and moved to the public cloud, Balaji and Bosco recognized the need for data governance across multiple cloud services and analytics platforms. They founded Privacera and built a cutting-edge solution that spans across various data analytics platforms and based it on the established Apache Ranger framework.
Privacera in the World of Data-Driven Decision Making
Historically, Enterprises made decisions based on instinct and past experiences. However, modern businesses both store and generate a large amount of data, so they can now make business decisions based on analyzing this data. As Enterprises increase their use of data to make decisions, they are using different data platforms depending on the kind of decisions they are making - for example, Apache Spark from Databricks, Starburst’s Presto, AWS EMR, or Snowflake - just to name a few. But all Enterprises want a single unified framework for privacy control and data governance across these different platforms in use. Privacera provides precisely this capability making it the premier solution for their customers’ data governance needs.