Immuta has secured $40 million in funding to extend its leadership position in the growing market for automated data governance and privacy solutions, the company reported on Tuesday.
“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,” said Matthew Carroll, co-founder and CEO, Immuta.
Immuta automated data governance has been developed on a cloud-native platform for organizations that work with sensitive data subject to regulation and business rules. The platform will automat data access control, security and privacy compliance to enhance security.
The company has integrated its platform with leading cloud data and analytics platforms, including Databricks, Snowflake and Amazon Web Services (AWS) to simplify deployment and improve return-on-investment across the financial services, insurance, healthcare and digital health, government, manufacturing, and internet/consumer tech sectors.
With the investments, Immuta has added new privacy and security automation capabilities designed to help organizations fully leverage cloud-based data analytics and data sharing to the company’s platform. The additional funds will accelerate Immuta’s development of its automated data governance platform by verticalizing the law with industry-specific 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 solves a pain point for customers by making it easier and faster to access and use data in a compliant, protected way,” said Mark Rostick, vice president and senior managing director, Intel Capital. “As organizations need to do more with their data, while facing increasing global data privacy regulations, Immuta is filling an important gap by delivering a platform that automates privacy protection and governance. We’re thrilled to be investing with the Immuta team.”
Immuta was founded in 2015 based on a mission within the U.S. Intelligence Community to build a platform that accelerates self-service access to and control of sensitive data. The Immuta Automated Data Governance platform creates trust across data engineering, security, legal, compliance, and business teams so they can work together to ensure timely access to critical data with minimal risk, while adhering to global data privacy regulations including the GDPR, CCPA and HIPAA.
Immuta’s automated, scalable, no-code approach makes it easy for users to access the data they need, when they need it, while protecting sensitive information and ensuring customer privacy. Selected by Fast Company as one of the World’s 50 Most Innovative Companies, Immuta is headquartered in Boston, MA with offices in College Park, MD and Columbus, OH.