Privacera raises $50M to help companies manage compliance and security risk across clouds

Privacera announced it has raised $50 million in its quest to tackle the data privacy and security challenges faced by large enterprises. About 64% of respondents to a global Thales survey feel that adhering to compliance requirements is a “very” or “extremely” effective way to keep data secure. But compliance is expensive for enterprises. In a 2017 PricewaterhouseCoopers survey of execs at U.S., U.K., and Japanese tech companies, 88% said their company planned to spend over $1 million preparing for the EU’s General Data Protection Regulation (GDPR) in the run-up to its full May 2018 implementation. A smaller percentage of respondents 40%  said they expected to spend $10 million or more.

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