Privacy engineering deep tech startup PrivaSapien has secured Rs 8 crore in a seed round of funding led by Omidyar Network India.
The company plans to ramp up its research and product development, along with accelerating the sales and marketing efforts in geographies with privacy regulations across the globe, PrivaSapien said in a press release.
Co-founded by Abilash Soundararajan and Deepika Abilash, PrivaSapien is a business-to-business privacy engineering company that helps businesses to unlock data without violating user privacy. PrivaSapien uses privacy-enhancing technologies to enable visualisation of privacy risks and mitigate them, to create “privacy by design” applications and data flow of the future, thus empowering businesses with the strategic advantage of data, while gaining customer and regulator trust.
One of PrivaSapien’s key products, Privacy X-Ray is an automated privacy audit tool that assesses privacy risk in a dataset, thereby reducing the time taken in the process from a few weeks to a few minutes. It also provides intelligent recommendations to mitigate the risk and meet compliance requirements.
PrivaSapien says that its products have applications across sectors and are being currently used in industries handling sensitive personal data like healthcare, finance, telco, and connected devices where analytics or cross-border data transfer play a key role. The company is working with global technology partners in areas like cloud, consulting, and system integration to create a global and population-scale impact.
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