Dataguard, a software-as-a-service startup specializing in data protection and compliance, has received $20 million from London-based growth investor One Peak. The Munich-based company plans to invest the proceeds in its data protection platform and related products, as well as scale its marketing and sales activities in Europe and America.
Dataguard uses its software platform to analyze data processing processes in companies. This allows customers of the startup make better decisions regarding data protection and compliance and adapt their IT infrastructure or change internal processes accordingly. Dataguard is also part of the Deutsche Telekom's Techboost programThe private equity firm One Peak focuses on technology companies in the scale-up phase. In addition to financial support, the investor also offers startups access to its value creation team and global network.
Thomas Regier, co-founder and CEO of Dataguard, says about the investment:
"We are delighted to partner with One Peak. Together, we are consistently pursuing the goal of helping companies around the world become and remain data protection compliant. Our Privacy-as-a-Service solution offers our customers proprietary data protection software and access to a team of qualified experts. This provides them with pragmatic support in implementing data protection and compliance."
Dataguard invests in machine learning
Kivanc Semen, co-founder and CEO of Dataguard, adds:
"We have a horizontal product with great potential to become an integral part of the technology architecture of both large enterprises and SMEs. The funding will largely be used to implement our product roadmap. We will increase the level of automation in our data protection software suite through continuous improvement of machine learning capabilities and accelerate the development of new features and products."
“We are delighted to support Dataguard’s first-class founding team,”
says David Klein, Co-founder and Managing Partner of One Peak.
"We are convinced that Dataguard's software suite, combined with its comprehensive range of services, offers small and medium-sized enterprises as well as larger companies a pragmatic and affordable end-to-end solution that fully meets their data protection requirements."
