Ethyca has raised $4.2m to develop a system that helps companies meet GDPR and other privacy rules. The investment was led by IA Ventures and Founder Collective, and backed by Table Management and Sinai Ventures, along with Cheddar co-founder Jon Steinberg and Moat co-founder Jonah Goodhart. Ethyca runs a platform that helps firms find sensitive data, see, edit or delete it and work out who in the organisation is allowed to see particular data. Co-founder Cillian Kieran said the company never sees the raw data. GDPR, the European data privacy regulations, have been in effect for more than a year, but it’s still a challenge for companies to comply. “Companies are starting to realise they need to be more transparent about what data they’re collecting on their users,” he said.
Ethyca has raised $4.2m to develop a system that helps companies meet GDPR and other privacy rules. The investment was led by IA Ventures and Founder Collective, and backed by Table Management and Sinai Ventures, along with Cheddar co-founder Jon Steinberg and Moat co-founder Jonah Goodhart. Ethyca runs a platform that helps firms find sensitive data, see, edit or delete it and work out who in the organisation is allowed to see particular data. Co-founder Cillian Kieran said the company never sees the raw data. “Companies are starting to realise they need to be more transparent about what data they’re collecting on their users,” he said.