DataGuard, the German privacy and compliance Software-as-a-Service company, raises $20 million in expansion capital from London-based growth investor One Peak.
The company will use the latest proceeds to invest in its existing full-stack platform as well as adjacent product categories and scale its sales and marketing organization in Europe and the Americas.
More than 1,000 customers (ranging from small and medium-sized businesses to multinational enterprises) use the DataGuard Privacy-as-a-Service solution – to become and remain compliant with national and international privacy regulations. Via its software platform, DataGuard audits customers’ personal data flows, creates process documentation, processes and documents data breaches, third-party audits and data subject requests and trains customers’ workforces.
DataGuard serves a broad range of industry verticals including, technology, professional services, healthcare, finance, and government.
“Millions of companies are striving to comply with privacy regulation such as GDPR or CCPA,” says DataGuard Co-Founder Thomas Regier. “We are excited to partner with One Peak to help many more organizations across the globe become and remain privacy compliant. Our Privacy-as-a-Service solution provides customers with access to a proprietary full-stack platform and services from a dedicated team of data privacy experts. This enables customers to gain insights into their data processing activities and to operationalize privacy and compliance across their entire organization.”
Image Credit: DataGuard