Omidyar leads seed round in privacy tech startup PrivaSapien

Privacy engineering deep tech startup PrivaSapien has secured Rs 8 crore in a seed round of funding led by Omidyar Network India.

The firm plans to ramp up its analysis and product growth, together with accelerating the gross sales and advertising efforts in geographies with privacy laws throughout the globe, PrivaSapien mentioned in a press launch.

Co-founded by Abilash Soundararajan and Deepika Abilash, PrivaSapien is a business-to-business privacy engineering firm that helps companies to unlock knowledge with out violating person privacy. PrivaSapien makes use of privacy enhancing applied sciences to allow visualisation of privacy dangers and mitigate them, to create “privacy by design” functions and knowledge movement of the long run, thus empowering companies with the strategic benefit of information, whereas gaining buyer and regulator belief.

One of PrivaSapien’s key merchandise, Privacy X-Ray is an automatic privacy audit software that assesses privacy danger in a dataset, thereby lowering the time taken in the method from a couple of weeks to a couple minutes. It additionally gives clever suggestions to mitigate the chance and meet compliance necessities.

PrivaSapien says that its merchandise have functions throughout sectors and are being at the moment used in industries dealing with delicate private knowledge like healthcare, finance, telco, and linked gadgets the place analytics or cross-border knowledge switch play a key function. The firm is working with world know-how companions in areas like cloud, consulting, and system integration to create a world and inhabitants scale impression.