Security announces the launch of its cloud for data security and announces a $75 million Series C

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The rapid growth in data and growing regulations such as GDPR and CCPA puts lots of pressure on businesses to determine what they own and implement adequate controls as the constantly evolving law demands.

Then there’s Securiti Securiti, a start-up that was launched in 2019 focused solely on one element of data management that is privacy of data. The company also was able to envision building an entire range of services that address not only privacy but also governance, data security and compliance.

Today, the company launched its data security cloud that is comprehensive named DataControls Cloud, and announced the funding of $75 million in series C. It has raised $155 million in only three years.

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The concept behind the cloud of data security is to offer an extra layer of protection for data regardless of where the data is stored in any or three of the major three cloud infrastructure providers including AWS, Microsoft and Google data infrastructure players such as Snowflake and Databricks or SaaS application like Box as well as Salesforce.

The company’s CEO and founder Rehan Jalil claims the company is about having control over information in all of its forms. “What we’ve have learned is controlling is the word to use for risk controls on data, whether by way of privacy, security and governance, or compliance” the CEO explained toeconomicpitch.

He says the regulatory framework and the need to please the consumer means that businesses need to safeguard information across all these various dimensions. should they get their security as well as privacy and governance right and are in compliance, compliance will follow naturally.

It appears to work. According to the CEO, the company has been winning contracts of seven and eight figures which is unusual for a startup that’s been around for three years. This has resulted in three-digit growth in quarter-over-quarter, which has in turn attracted the attention of investors at a time in which VC dollars are somewhat harder to obtain than they were in previous times.

The company hasn’t been shy about bringing on employees. When it launched the $5 million Series B in 2020, the company had around 185 employees. It currently has 370 employees with plans to increase that number in the coming year. Actually, there are 50 positions available at present, he added.

As he develops the company and continues to bring new employees It’s vital to build an inclusive and diverse culture. “If you do not have an inclusive culture do not have diversity, and don’t have the conditions in which people can work in a way that is open They have options and they’ve had a lot of choices, particularly in the past couple of months,” He said. He believes that employees will decide by their own vote when they are unhappy with the working environment.

Today’s investment was led Owl Rock Capital, a division of Blue Owl Capital, with involvement from investors such as Mayfield as well as General Catalyst. Blue Owl Capital’s Pravin Vazirani will join Securiti’s board under the conditions in the contract.

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