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Privado Raises $14 Million Led by Insight Partners and Sequoia Capital India

Picture Source: Internet

Data privacy solutions provider Privado has raised $14 million in its Series A funding round, led by global software investors Insight Partners and Sequoia Capital India, with participation from existing investors Together Fund and Emergent Ventures.


In a media statement on Thursday, the startup plans to use the funding to enhance and develop Privado’s technology stack, build teams and grow its open-source community.


Founded in 2020 by Jasdeep Cheema, Prashant Mahajan and Vaibhav Antil, Privado provides services that address privacy issues facing businesses worldwide.


Privado is an open-source code scanning solution built for privacy that identifies data usage, discovers data flows, and flags privacy issues such as excessive user permissions or data leakage into logs.


Privacy teams can also enforce their public-facing privacy policies in code, helping them avoid fines. Privado claims to currently manage over 600,000 code commits for companies like Thrasio and Zego.


Before starting Privado, the co-founders worked on product and engineering teams at tech companies, where they saw first-hand the challenges of Global Data Protection Regulation (GDPR) compliance. This inspired the team to create Privado.


In addition to the barcode scanning solution, Privado also offers a free tool for Android developers to generate Play Store data security reports. Privado also extends this tool to a full-fledged open-source privacy code scanning project.


Privado, which has offices in Pune and Delaware, raised $3.5 million in a seed round in January.

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