Startup Privado secures $14 million from Insight and Sequoia in investment

26 Aug 2022 , 08:15 AM

Startup company Privado has secured  $14million (Rs111 crore) in a Series A round that was jointly led by Sequoia Capital India and New York-based fund Insight Partners. Together Fund and Emergent Ventures, two current investors, also took part in the investment round. 

This occurs not long after Privado received $3.5 million in seed funding in January of this year. The money will be used to expand the team, improve Privado’s technology stack, and foster its open-source community.

Jasdeep Cheema, Prashant Mahajan, and Vaibhav Antil founded Privado in 2020 to address the privacy concerns that enterprises face. The business provides an open-source code scanning tool designed for privacy that recognizes data consumption, unearths data flows, and alerts users to problems like overly permissive users or data leaks to logs.

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