Drive Capital is among the investors helping Boston-based Immuta, the automated data governance company, secure $40 million in funding. The Series C round was led by new investor Intel Capital, with participation from new investor Ten Eleven Ventures and existing investors DFJ Growth, Dell Technologies Capital, Greycroft and Citi Ventures.
Immuta’s platform automates data access control, security and privacy compliance, ensuring each user who queries data sees only the data they’re supposed to see, for their approved purpose or role. The company has integrated its platform with leading cloud data and analytics platforms, including Databricks, Snowflake and Amazon Web Services.
Over the last 12 months, Immuta has invested heavily in its platform by adding new privacy and security automation capabilities designed to help organizations fully leverage cloud-based data analytics and data sharing, even on their most sensitive data sets. This funding will expand Immuta’s market-leading footprint and accelerate the development of its automated data governance platform by verticalizing the law with industry-specific solutions.