Data Privacy Startup DataGrail Announces $4 Million Series A Classic at a $16 Million Valuation

By PRNewswire On Sep 20, 2018

DataGrail’s Platform Gives Users Data Transparency and Preference Control, While Enabling Businesses to Manage That Personal Data Across Third-Party Systems and Comply with Regulations like GDPR and CCPA

DataGrail, a new personal data privacy startup, announced their $4 Million Classic Series A round of funding at a $16 Million valuation. Cloud Apps Capital Partners was the lead investor, and Gunderson Dettmer participated. DataGrail gives users visibility into what data companies have and how their data is used.

DataGrail offers companies a compliance solution for multiple legal frameworks, including EU regulations GDPR and ePrivacy, and Californian regulation CCPA. This is their first funding announcement and will enable the team to hire across the business to satisfy customer demand.

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How DataGrail Works

Leading companies like Databricks and Outreach already use DataGrail to provide their communities transparency in their data. DataGrail can easily surface data internally and from third-party systems and show the customer how that data is being used. DataGrail securely integrates sales, marketing, support, and SaaS systems, providing a 360-view of personal and interaction data, with no coding required.

Cloud Apps Capital Partners led the round. Matt Holleran, General Partner, and DataGrail Board Member stated “consumers expect transparency, and DataGrail is uniquely positioned to provide businesses with the solution. We couldn’t be more excited about the path ahead!” Holleran’s experience creating the Salesforce AppExchange ISV ecosystem is key for guiding DataGrail’s growth.

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Gunderson Dettmer, a top venture capital law firm, also participated in the round. Firm co-founder and co-head of the firm’s intellectual property practice, Tom Villeneuve says, “our firm’s clients have made significant investments to prepare for the GDPR and other privacy frameworks, and DataGrail presents an opportunity for growing companies to address the significant compliance challenges facing businesses today.”

The DataGrail Team

Silicon Valley based DataGrail was founded in February by Daniel Barber, Ignacio Zendejas, and Earl Hathaway. The Australian, Mexican, and Wisconsite respectively, have spent a combined three decades in data and third-party applications. Specifically, Earl and Ignacio build data products, while Daniel takes them to market. The trio worked at companies like Facebook, HP Labs, Quantcast, DocuSign, ToutApp, and Responsys before meeting two years ago. DataGrail is the intersection of their diverse background and experience.

Barber affirms DataGrail’s vision, “as our identities merge between the physical and digital world, individuals deserve and expect visibility into how their data is used, processed, and sold. We’re going to give them that transparency while solving the compliance nightmare companies now face.”