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Immuta, which provides a cloud-native data governance platform to help organizations automate data access control, security, privacy, and compliance, today announced it has raised $90 million in series D funding. Immuta says it will use the investment — which brings the startup’s total raised to date to $169 million — to expand the size of its workforce, acquire new customers, and further develop its products.
About 64% of respondents to a global Thales report feel adhering to compliance requirements is a “very” or “extremely” effective way of keeping data secure. But compliance is expensive. In a 2017 PricewaterhouseCoopers survey of execs at U.S., U.K., and Japanese tech companies, 88% said their company planned to spend over $1 million preparing for the EU’s General Data Protection Regulation (GDPR) in the run-up to its full May 2018 implementation. A smaller percentage of respondents — 40% — said they expected to spend $10 million or more.
Since its founding in 2015, Immuta, which offers a dashboard to automate cloud access control, claims to have built strategic partnerships with leading cloud data technology providers. The company’s bookings grew by more than 115% this year as it doubled its headcount and grew its customer base, which now includes Aon, Credit Suisse, Daimler, Flatiron, IAG, S&P Global, the U.S. Army, and other brands in financial services, insurance, health care, and consumer technology.
“Immuta founders Matthew Carroll and Steven Touw spent over a decade working with the U.S. intelligence community, tackling some of the most complex a ..
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