• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Securiti.ai Announces $50 Million in Series B Funding

January 29, 2020

Securiti.ai Announces $50 Million in Series B Funding

San Jose data and security startup Securiti.ai has announced $50 million in Series B funding led by General Catalyst and with participation from Mayfield.

Launched in 2019, Securiti.ai reports that it has already raised $81 million in funding. CEO and founder Rehan Jalil has stated that the goal of the startup is to provide an operations platform for companies to use for handling customer data, an idea that he has coined as ‘PrivacyOps’.

With a growing body of data and privacy regulations like the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), there is also an increase in customer requests to remove or redact some of their data.

This can be a difficult problem to solve when the data could be spread across multiple applications and is often shared with third parties and partners.

Jalil says his company aims to help companies give their customers more control over their data as the new laws and regulations increasingly require them to do.

“In the end it’s all about giving individuals the rights on the data: the right to privacy, the right to deletion, the right to redaction, the right to stop the processing. That’s the charter and the mission of the company,” he told TechCrunch.

Securiti.ai’s platform works by having their clients define their data sources, after which a bot gathers all customer data across the sources they have listed. The bot then creates a central record with the data it has found, which is then reviewed by human agents who make any adjustments needed as to how to handle the data requests by customers.

The platform has security templates to adhere to different kinds of privacy regulations — like GDPR and CCPA — and the data found by the bot must meet those requirements.

Though it was only launched in 2019, Securiti.ai already has grown to 185 employees, with more expected to be added in the next year thanks to this latest round of funding.

Source: TechCrunch

Filed Under: Industry News Tagged With: CCPA, corporate announcements, customer data, data protection, data security, funding rounds, GDPR, investment funding, regulations, Security

Related News & Articles

Shufti Pro Adds NFC Verification to Identity Verification Platform

Medibio Unveils New Stress Tracking App

Ekata Launches Merchant Onboarding Solution for Payment Providers Working With Small Businesses

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Thai Authorities Approve Mobile ID for Airport Boarding
  • New Yoti Solution Ties Biometrics to e-Signatures
  • Kenya’s New President Pushes for Digital ID By Year’s End
  • MDL, Digital ID Gain Momentum in State Efforts
  • Brazil-based Selfie Onboarding Startup Reports 250% Sales Jump, Global Expansion

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld