By VC News Daily

SAN FRANCISCO, CA, Today, Transcend, the next-generation data privacy platform, announced it raised $40 million in Series B funding.

The round was led by new investor StepStone Group, with participation from HighlandX and existing investors Accel, Index Ventures, 01 Advisors (01A), Script Capital, and South Park Commons. This brings the total raised to nearly $90M.

Transcend helps the world’s largest companies better govern their data-reducing risk, improving operational efficiencies, unlocking growth, and building trust. Transcend customers go beyond the patchwork and manual offerings of today to realize an easy, efficient, and secure governance program at scale. In addition, Transcend’s platform incorporates standard-setting data protections that security-conscious brands have come to expect, including an on-premise security gateway, end-to-end encryption (E2EE), and more. Transcend was named ‘Leader’ in Data Privacy Management on G2 and ‘Major Player’ in the 2023 IDC MarketScape report Worldwide Data Privacy Compliance Software.

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Source: VC News Daily