Dathena, a Singapore-based deep-tech company that provides AI-powered data protection and privacy management for global enterprises, announced that they have closed a $12 million Series A round led by Jungle Ventures, with the participation of CapHorn and SEEDS Capital, an investment arm of Enterprise Singapore. Existing investors Cerracap Ventures and MS&AD Ventures also participated in the round.
The new funding will support Dathena’s expanding R&D efforts, along with the hiring of NYC-based staff across sales, marketing, and customer success functions to serve the company’s growing North American client base. Dathena also plans to expand its co-sell partnership with Microsoft into the United States, helping Azure Cloud and Microsoft 365 customers to automate data protection and comply with new data privacy regulations such as the California Consumer Privacy Act.
Dathena’s patented AI tools can unlock crucial new efficiencies, facilitate regulatory compliance, and reduce the risk of costly data breaches. Their integrity, confidentiality, and always-on traceability, along with their ability to secure structured and unstructured data flowing through cloud-based or automated systems, deliver rigorous, cost-effective data security, privacy, and compliance for clients operating in highly regulated spaces or across multiple jurisdictions.
“Dathena’s global growth positions the tech leader to capitalize on the rapid evolution of the $120 billion data protection market. It’s a shining example of our investment in global tech companies emerging out of Asia and we’re excited to continue to support their rapid growth,” said Amit Anand, Founding Partner at Jungle Ventures.
“At Dathena, our mission is to build trust in the digital world, even as companies navigate these challenging times and are inundated by torrents of data from exponentially multiplying sources,” said Christopher Muffat, founder and CEO of Dathena. “This Series A funding round will help us accelerate our product development and go-to-market efforts, giving more companies the chance to benefit from our flexible, cost-efficient, and uncompromising data-security solutions.”
“We have been following the development of Dathena for over two years, during which we have witnessed their ability to recruit top talent, serve an ever growing base of demanding clients, clarify their unique selling proposition and strengthen their product,” said François Santi, Principal at CapHorn Ventures. “We are convinced that they are on track to become the international leader of the very deep, and fast growing, data protection market.”
Dathena is a deep-tech company that brings a new paradigm to data privacy and security solutions. In a world of ever-growing information, regulation, and consumer privacy expectations, the company claims that enterprises around the globe rely on Dathena to identify, classify and control their sensitive data, reduce risks, and enhance the data protection framework.
Dathena was founded in 2016. It has offices in Singapore, Geneva, Paris, and New York City. The company employs more than 100 people, including the world’s top data scientists and information risk experts.
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