Privacy tech startup PrivaSapien raised INR 8 Crores Seed funding from Omidyar Network
Omidyar Network India sponsored a seed fundraising round that netted PrivaSapien Rs 8 crore. PrivaSapien is a privacy engineering deep tech business.
According to a press statement from PrivaSapien, the firm intends to increase its research and product development as well as sales and marketing activities in regions with privacy laws worldwide.
PrivaSapien, a business-to-business privacy engineering firm that assists businesses in unlocking data without invading user privacy, was formed by Abilash Soundararajan and Deepika Abilash. The “privacy by design” apps and data flow of the future are created by PrivaSapien using privacy-enhancing technology, giving businesses the strategic benefit of data while earning the trust of customers and regulators.
Privacy X-Ray, one of PrivaSapien’s flagship products, is an automated privacy audit tool that evaluates privacy risk in a dataset over the course of a few minutes rather than many weeks. Additionally, it offers wise suggestions for reducing the risk and fulfilling regulatory standards.
According to PrivaSapien, its technologies are utilized in a variety of industries that deal with sensitive personal data, including healthcare, banking, telecommunications, and connected devices, where analytics and cross-border data transfer are crucial. To have an influence on the world’s population, the organization is collaborating with international technological partners in fields including cloud computing, consulting, and system integration.
