Immuta, the automated data governance company, is receiving $40 million in funding to further grow its automated data governance and privacy solutions.
The Series C round was led by new investor Intel Capital, with participation from new investor Ten Eleven Ventures and existing investors DFJ Growth, Dell Technologies Capital, Greycroft, Drive Capital and Citi Ventures.
Immuta offers a modern, cloud-native platform for organizations that work with sensitive data subject to regulation and business rules.
Immuta’s platform automates data access control, security and privacy compliance, ensuring each user who queries data sees only the data they’re supposed to see, for their approved purpose or role.
The company has integrated its platform with leading cloud data and analytics platforms, including Databricks, Snowflake and Amazon Web Services, making it easy and frictionless for customers to deploy Immuta, see immediate value, and improve return-on-investment.
“Since Immuta’s founding in 2015, we’ve been focused on solving one very hard problem: how to enable organizations to do more with their data while also doing right with their data,” said Matthew Carroll, co-founder and CEO, Immuta. “The investment we’re announcing today from Intel Capital and Ten Eleven, along with our existing investors, will help us accelerate platform innovation, enhance and expand our strategic partnerships, and bring to market new, industry-specific solutions to automate compliance with HIPAA, CCPA, COPPA and other regulations.”
Immuta’s blue-chip enterprise customer base spans a range of industries including financial services and fintech, insurance, healthcare and digital health, government, manufacturing, and internet/consumer tech.
For more information about this news, visit www.immuta.com.