As Adoption Spikes, the Platform Leader's Growing Roster of
Customers Is Proving Automated Compliance and Privacy Auditing and
Management is Good for Business
NEW
YORK, July 31, 2024 /PRNewswire-PRWeb/
-- SafeGuard Privacy, a SaaS-based compliance platform that
allows publishers, agencies, brands, data providers, and tech
platforms to assess, audit, and comply with global privacy laws,
today announced it has closed a $3.6M
USD funding round. The company's new investment round was
led by TechOperators, Dynamism Capital, Sidekick Partners, and two
other existing investors.
"In short, standardization equals scale." -
SafeGuard Privacy co-founder and CEO Richy
Glassberg
Since SafeGuard Privacy's founding in 2019, global privacy laws
proliferated and demand for automated compliance increased
exponentially in response. During this period:
- SafeGuard Privacy was adopted by several of the world's largest
corporations, as well as leading industry trade associations,
software and data companies, including BBB National Programs, NAI,
OneTrust and TransUnion.
- SafeGuard Privacy partnered with the IAB to launch the IAB
Diligence Platform to standardize and streamline vendor due
diligence across the digital advertising ecosystem.
- SafeGuard Privacy platform users reported efficiency gains as
high as 80%+.
"We take our compliance responsibilities very seriously, and
tracking all the requirements is important but time-consuming
work," said Paul Bannister, Chief
Strategy Officer at Raptive.
"SafeGuard Privacy has helped reduce busy work for our team and
right-sized our reliance on lawyers,"
"Customers like Raptiv are proving that Automated Compliance and
Privacy Auditing and Management is Good for Business because once
SafeGuard is in place, a significant cost of doing business is
eliminated and the insights gleaned from our outputs can be put to
use to do business at a scale impossible in the past," said
SafeGuard Privacy co-founder and CEO Richy
Glassberg. "In short, standardization equals scale."
The fact that customers are now quantifying how valuable
integrating SafeGuard Privacy is for their business is one of
several factors that attracted SafeGuard Privacy's latest funding
round.
According to Dave Gould, General
Partner in Tech Operators," SafeGuard Privacy is the clear leader
in the privacy risk mitigation market. They've established
partnerships with most of the prominent players in the ecosystem
and are uniquely positioned to help organizations protect
themselves from expanding privacy legislation and the corresponding
fines. We're proud to be working with SafeGuard Privacy as they
expand their solution for this fast-changing market."
"We're thrilled to partner with Richy and the team at SafeGuard
Privacy. Not only have they earned the trust and respect of the
industry, they have built world-class privacy software that can be
adopted easily so users can spend less time managing and auditing
compliance and more time doing business," said Jonathan Greenglass, Managing Partner, Dynamism
Capital.
Glassberg and his team plan to use the latest investment round
to expand SafeGuard Privacy's:
- Innovative legal AI and next-generation DPIA products
- Universal risk-based assessments, including its upcoming
first-of-its-kind Multi-State Sensitive Data assessment, a
capability that consolidates obligations across states and removes
overlap to help companies manage the high-risk obligations for each
state
- Brand-direct and organizational service and partnerships
Initially, SafeGuard Privacy's clients adopted its software to
comply with a wide range of privacy laws, including the California
Consumer Privacy Act and GDPR. Today, it is being used for much
more.
About SafeGuard Privacy
SafeGuard Privacy is the preferred comprehensive privacy
compliance management and collaboration platform for top global
brands, agencies, publishers, technology companies, and trade
organizations., SafeGuard Privacy powers the IAB Diligence
Platform, a solution created to standardize, modernize, and improve
privacy diligence practices for the digital advertising industry as
well as providing the backbone to the Network Advertising
Initiative (NAI) and the BBB National Programs CARU SafeHarbor.
Companies of all sizes count on SafeGuard Privacy's comprehensive
independent assessments to evaluate their company's privacy
programs and guide them on their path to compliance. SafeGuard
Privacy's workflow management and governance tools, empower
businesses with everything they need to mitigate risk and
demonstrate compliance -- all while saving time and money. The
Vendor Compliance Hub solves the industry RFI process, making it
easy for vendors to demonstrate privacy compliance to their
partners and mitigate third-party liability. For more information,
visit www.safeguardprivacy.com.
Media Contact
Lorene Bagley-Kane, Purpose
Worldwide, 1 3077131043, Lorene@purposenorthamerica.com
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SOURCE SafeGuard Privacy