Singapore-based Borneo, which provides a real-time data security and privacy observability platform, has raised US$15.5 million in a Series A investment round led by Vulcan Capital.
Vulcan was also joined by Prosus Ventures, Lytical Ventures, and existing investor Wavemaker Partners.
This round brings Borneo’s total funding raised to date to US$18 million.
The company will use this fresh capital to continue investing in its technology platform and meet growing customer demand. As per a press statement, Borneo is already working at a cloud-scale at some of the fastest-growing technology companies and is seeing overwhelming demand driven by technology IPOs.
Borneo is a privacy information and data management platform offering security and privacy solutions for hyper-growth technology companies through real-time privacy data observability and insights. Its developer-first suite of tools to identify high-risk and sensitive personally identifiable information through sophisticated machine learning techniques and open APIs.
It integrates with existing tools and workflows and enables companies to achieve privacy compliance by building a solid data security foundation. This allows security practitioners to utilise non-blocking workflows and fast-track remediation without hampering business teams operating in fast-moving and high-growth environments.
The firm claims it has tackled and solved privacy challenges at global, hyper-growth companies such as Facebook, Dropbox, Uber, and Yahoo!.
“Borneo is fast becoming the guardrails for the new data economy. We integrate with your existing security stack to provide the required privacy data intelligence. It prevents data leaks and privacy violations that can result in multi-million dollar fines and erode end-user trust,” said Prithvi Rai, CEO and founder of Borneo.
Sachin Bhanot, Head of Southeast Asia Investments at Prosus Ventures, said, “More than ever, companies are managing a high variety and volume of data while navigating increased pressure from both consumers and regulators on data privacy practices. The Borneo team has created an adaptable, robust, and efficient platform to address these challenges.”
Vulcan Capital is the multi-billion-dollar investment arm of Vulcan Inc., the company founded by Microsoft co-founder and philanthropist Paul G. Allen.
Prosus is a global consumer internet group and one of the largest technology investors in the world.
Lytical Ventures, an affiliate of Lyrical Partners, is an NYC-based fund dedicated to corporate intelligence, including cyber security, data and analytics, and AI.
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