Sarah Kreikemeier
Data governance company Immuta, which has a product and engineering team based in College Park, closed on $40 million in funding as it looks to grow data governance technology with new platforms and customers.
The Series C funding round was led by Intel Capital, the venture arm of tech pioneer Intel and a new investor in the company. Silicon Valley-based Ten Eleven Ventures, another new investor, also participated in the round, along with existing investors DFJ Growth, Dell Technologies Capital, Greycroft, Drive Capital and Citi Ventures. It follows a $20 million Series B round in 2018.
Founded in 2015, Immuta makes a platform designed for organizations that work with data that is subject to specific business rules, as well as regulations from the government. The platform automates the process by which large organizations control data access, and ensures that users can only see the data that their role allows them to see. Along with maintaining privacy for users, this governance can help to comply with specific regulations, such as healthcare’s HIPAA and Europe’s more general GDPR privacy regs.
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