Immuta secures $40M Series C funding led by Intel Capital to grow its automated data governance and privacy platform
Immuta, the Boston, MA-based automated data governance startup, announced it has closed$40 million in funding to extend its leadership position in the growing market for automated data governance and privacy 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.
Founded in 2014 by Matthew Carroll, Michael Schiller, Sapan Shah, and Steven Touw, Immuta was created based on a mission within the U.S. Intelligence Community to build a platform that accelerates self-service access and control of sensitive data. Immuta’s automated data governance software platform creates trust across security, legal, compliance, and business teams so they can work together to ensure timely access to critical business data with minimal risks.
“Since Immuta’s founding in 2015, we’ve been focused on solving one very hard problem: how to enable organizations to do more with their data while also doing right with their data,” said Matthew Carroll, co-founder and CEO, Immuta. “With each passing quarter, we’re seeing accelerating demand from data-driven leaders that need to automate how data is accessed, shared and analyzed so they remain compliant with an ever-growing set of regulations, and to avoid costly breaches or data leaks. 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.”
Immuta’s blue-chip enterprise customer base spans a range of industries including financial services and fintech, insurance, healthcare and digital health, government, manufacturing, and internet/consumer tech. Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions, recently purchased Immuta to automate data privacy and governance.
“Aon’s innovative Data & Analytic Services Platform connects data, technology, expertise and partnerships to generate insights and distribute new solutions that help clients make better decisions,” said Steve Petrevski, SVP and General Manager, Data & Analytics Services at Aon. “By incorporating Immuta’s automated governance and privacy capabilities, we have enhanced our overall strength and security of the platform. With its Series C funding, we look forward to continued innovation from Immuta to help Aon with our data and analytics initiatives.”
Over the last 12 months, Immuta has invested heavily in its platform by adding new privacy and security automation capabilities designed to help organizations fully leverage cloud-based data analytics and data sharing, even on their most sensitive data sets. This funding will expand Immuta’s market-leading footprint and accelerate the development of its automated data governance platform by verticalizing the law with industry-specific solutions.
“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.”