Illuminate Reinvests in Big Data Privacy Startup Privitar
Privacy engineering software vendor raises $16 million from investors including Illuminate Financial and CME Ventures.
The round was led by Paris-based Partech Ventures and also featured CME Group’s investment subsidiary CME Ventures, IQ Capital, 24Haymarket and software giant Salesforce.
Privitar, which was founded in 2014, will use the funds to accelerate product development and take its business into the US.
The vendor says the investment highlights the growing importance of the privacy engineering discipline. Privitar’s software removes sensitive ‘identifiers’ from data. Its two products─Privitar Publisher
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