Privacera, the cloud data governance and security leader founded by the creators of Apache Ranger™, today announced that it has secured $50 million in funding to meet the unprecedented demand for its cloud-based data governance and security solution. Led by new investor Insight Partners and with participation from Sapphire Ventures, Battery Ventures, and existing investors Accel, Cervin, and Point 72, the Series B will be used to fast-track its go-to-market strategy and further extend Privacera's investment in its unified system for data governance and privacy across multiple cloud services such as Databricks and Snowflake. Following closely on the heels of its successful Series A, this latest round further indicates the company's explosive growth in both revenue and customer acquisitions.

Privacera's SaaS-based data security and governance platform enables analytics teams to access data without compromising compliance with regulations such as GDPR, CCPA, LGPD, and HIPAA. Privacera provides a single pane of glass for securing sensitive data across multiple cloud services such as AWS, Azure, Databricks, GCP and Snowflake. Privacera's platform is utilized by Fortune 500 customers across finance, insurance, retail, media, and consumer industries to automate sensitive data discovery and easily manage high-fidelity policy management at petabyte scale on-prem and in the cloud. Headquartered in Fremont, California, Privacera was founded in 2016 by the creators of Apache Ranger™ and Apache Atlas„¢.