AI data privacy and protection provider Dathena, announced that it has closed a $12 million Series A round. The funding round for the Singapore and New York City based company, sets the stage for continuing global expansion. Dathena’s portfolio includes m ore than 200,000 users and a multitude of enterprise clients worldwide already trust Dathena’s end-to-end AI-powered solutions to identify, classify, and protect sensitive information and ensure regulatory compliance.
The fundraising led by Jungle Ventures, with the participation of CapHorn and SEEDS Capital, an investment arm of Enterprise Singapore which is the government agency championing enterprise development. Existing investors Cerracap Ventures and MS&AD Ventures also participated in the round.
As enterprises move services to the cloud, grapple with an explosion of consumer data, and navigate privacy regulations including GDPR and CCPA, new security approaches are required to mitigate the risk and protect against ever-growing corporate and reputational damages. The challenge is further amplified with the growing economic uncertainty and heightened data security risks relating to increased remote working.
Dathena’s patented AI tools can unlock crucial new efficiencies, facilitate regulatory compliance, and reduce the risk of costly data breaches. Their integrity, confidentiality, and always-on traceability, along with their ability to secure structured and unstructured data flowing through cloud-based or automated systems, deliver rigorous, cost-effective data security, privacy, and compliance for clients operating in highly regulated spaces or across multiple jurisdictions.
“Dathena’s global growth positions the tech leader to capitalize on the rapid evolution of the $120 billion data protection market. It’s a shining example of our investment in global tech companies emerging out of Asia and we’re excited to continue to support their rapid growth,” said Amit Anand, Founding Partner at Jungle Ventures.
“At Dathena, our mission is to build trust in the digital world, even as companies navigate these challenging times and are inundated by torrents of data from exponentially multiplying sources,” said Christopher Muffat, founder and CEO of Dathena. “This Series A funding round will help us accelerate our product development and go-to-market efforts, giving more companies the chance to benefit from our flexible, cost-efficient, and uncompromising data-security solutions.”
The new funding will support Dathena’s expanding R&D efforts, along with the hiring of NYC-based staff across sales, marketing, and customer success functions to serve the company’s growing North American client base. Dathena also plans to expand its co-sell partnership with Microsoft into the United States, helping Azure Cloud and Microsoft 365 customers to automate data protection and comply with new data privacy regulations such as the California Consumer Privacy Act.