Tech Company Financing Transactions
Privya Funding Round
On 8/9/2022, Privya raised $6 million in Seed funding from Hyperwise Ventures.
Transaction Overview
Company Name
Announced On
8/9/2022
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Seed
Investors
Hyperwise Ventures (Lead Investor) (Nathan Shuchami)
Proceeds Purpose
Privya also provides a powerful and convenient privacy management wizard, making it simple to add to an ongoing project, as well as visual features like privacy management dashboards. It flags sensitive data protection vulnerabilities (for example, when personal information is written to logs) and can confirm that data is only being used and processed for the purposes agreed in company's privacy policies.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Yitzhak Sadeh St 8
Tel Aviv, 67212
Israel
Tel Aviv, 67212
Israel
Phone
Undisclosed
Website
Email Address
Overview
Privya was founded in 2021 by a team of experienced technology and business executives who personally experienced the workload and challenges created by data protection issues in their respective companies, and knew there must be a better way. Coming from SaaS companies that needed to comply with GDPR, the chasm between the needs of the CISO, DPO and VP Engineering was severe, and the manual work needed to bridge that gap to comply with data protection regulations was daunting. Even the language used by the engineers and compliance officials was completely different. Logic indicated a technology solution to this problem must exist, so they went looking. What they found were several advanced technologies that were all complicated to implement, and designed for post-production use. None of the solutions on the market were part of the development life cycle, to build in privacy from day one. So the team started talking with design partners, mapping out the solution, and Privya was born.
Management Team
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