Immuta, a company whose technology automates the process of controlling, protecting and managing data, has raised $40 million in new venture capital financing.
Plans call for using the money to fuel expansion in multiple ways, according to Matthew Carroll, Immuta’s co-founder and CEO.
“The investment we’re announcing today…will help us accelerate platform innovation, enhance and expand our strategic partnerships, and bring to market new, industry-specific solutions to automate compliance with HIPAA, CCPA, COPPA and other regulation,” Carroll said in prepared remarks.
Intel Capital led the Boston-based startup’s Series C round. New investor Ten Eleven Ventures and existing investors DFJ Growth, Dell Technologies Capital, Greycroft, Drive Capital and Citi Ventures also participated.
Immuta launched in 2015 and said its customer base covers multiple industries including insurance, financial services, fintech, healthcare and digital health, government, manufacturing and Internet/consumer technology. Aon is a recent purchased Immuta technology to automate data privacy and governance, the company said.
Immuta describes its technology as focused on “automated data governance” by way of a cloud-based platform that works with sensitive data around regulation and business rules. The platform automates data access control, security and privacy compliance so users only see data they’re supposed to. The platform has become part of cloud data and analytics platforms including Amazon Web Services, Databricks and Snowflake, according to Immuta’s funding announcement.