Munich-based Regtech Agency DataGuard Secures $20 Million in Funding through Spherical Led by One Peak Companions

Munich-based Regtech agency DataGuard, which offers what it refers to because the Common Knowledge Safety Regulation (GDPR)-as-a-Service, has secured $20 million in capital via a Collection A funding spherical, which was led by One Peak Companions.

DataGuard assists corporations with guaranteeing that their enterprise complies with the related regional regulatory tips. The Regtech firm companies corporations working within the European Union and different jurisdictions.

DataGuard notes that its platform offers suggestions about how companies can enhance their present IT infrastructure, to be able to be certain that it adheres to the suitable regulatory necessities.

The corporate says that it intends to make use of the funds raised to increase its enterprise operations throughout Europe and North and South America. The corporate can be planning to make enhancements to its present platform.

Established in 2017, DataGuard primarily serves as a privateness firm. Since its launch, the Regtech has onboarded over 1,000 purchasers. It now plans to enroll extra clients from the “thousands and thousands of firms striving to adjust to privateness regulation reminiscent of GDPR or California Client Privateness Act (CCPA).”

Kivanc Semen, co-founder of DataGuard, mentioned that the corporate will use the capital acquired to work on reaching the aims outlined in its product roadmap. They embody rising automation throughout its privateness software program merchandise and the event of assorted different companies.

As famous on the corporate’s official web site:

“DataGuard is your accomplice for all information privateness associated questions and challenges. Stand able to report back to regulators, reply to information topics, and fulfill obligations to stakeholders.”

The corporate’s platform and crew of information safety professionals “allow structured privateness administration” via steady monitoring of customers’ processing actions.

The DataGuard crew presents authorized experience, helps with step-by-step implementation, and goals to simplify the GDPR right into a set of accessible steps.