This second round of funding brings the company's valuation to $2.7 billion, more than doubling its valuation of $1.3 billion from July 2019. For a company that was founded only four years ago, this is remarkable.
What’s driving this investment? Legislation. The California Consumer Privacy Act (CCPA) went into effect on Jan. 1, 2020, setting the standard for the nation. Other laws across the U.S., as well as those in other countries, are fueling the need for businesses to purchase privacy software to comply with myriad data privacy laws.
Merry Marwig is a senior research analyst at G2 focused on the privacy and data security software markets. Using G2’s dynamic research based on unbiased user reviews, Merry helps companies best understand what privacy and security products and services are available to protect their core businesses, their data, their people, and ultimately their customers, brand, and reputation. Merry's coverage areas include: data privacy platforms, data subject access requests (DSAR), identity verification, identity and access management, multi-factor authentication, risk-based authentication, confidentiality software, data security, email security, and more.