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Venture Capital News: DataGrail Receives $4M Series A

       
SAN MATEO, CA, DataGrail, a new personal data privacy startup, announced their $4M Classic Series A round of funding at a $16M valuation.
Click here for more funding data on DataGrail
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Cloud Apps Capital Partners was the lead investor, and Gunderson Dettmer participated. DataGrail gives users visibility into what data companies have and how their data is used. Learn More at: https://datagrail.io/

DataGrail offers companies a compliance solution for multiple legal frameworks, including EU regulations GDPR and ePrivacy, and Californian regulation CCPA. This is their first funding announcement and will enable the team to hire across the business to satisfy customer demand.

How DataGrail Works

Leading companies like Databricks and Outreach already use DataGrail to provide their communities transparency in their data. DataGrail can easily surface data internally and from third-party systems and show the customer how that data is being used. DataGrail securely integrates sales, marketing, support, and SaaS systems, providing a 360-view of personal and interaction data, with no coding required.

Cloud Apps Capital Partners led the round. Matt Holleran, General Partner, and DataGrail Board Member stated "consumers expect transparency, and DataGrail is uniquely positioned to provide businesses with the solution. We couldn't be more excited about the path ahead!" Holleran's experience creating the Salesforce AppExchange ISV ecosystem is key for guiding DataGrail's growth.

Gunderson Dettmer, a top venture capital law firm, also participated in the round. Firm co-founder and co-head of the firm's intellectual property practice, Tom Villeneuve says, "our firm's clients have made significant investments to prepare for the GDPR and other privacy frameworks, and DataGrail presents an opportunity for growing companies to address the significant compliance challenges facing businesses today."

The DataGrail Team

Silicon Valley based DataGrail was founded in February by Daniel Barber, Ignacio Zendejas, and Earl Hathaway. The Australian, Mexican, and Wisconsite respectively, have spent a combined three decades in data and third-party applications. Specifically, Earl and Ignacio build data products, while Daniel takes them to market. The trio worked at companies like Facebook, HP Labs, Quantcast, DocuSign, ToutApp, and Responsys before meeting two years ago. DataGrail is the intersection of their diverse background and experience.

Barber affirms DataGrail's vision, "as our identities merge between the physical and digital world, individuals deserve and expect visibility into how their data is used, processed, and sold. We're going to give them that transparency while solving the compliance nightmare companies now face."

About DataGrail

DataGrail sets a new standard for privacy and transparency. DataGrail makes it easy for anyone to see exactly what data a company has about them, and what they use that data for. Businesses leverage DataGrail to provide trust for their customers in an ever-changing privacy landscape.

DataGrail is based in San Mateo, California and was founded in 2018 by Daniel Barber, Ignacio Zendejas, and Earl Hathaway. Learn more by visiting DataGrail.io and reaching out to the team on twitter.
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