Intel Capital leads $40M investment in data privacy startup Immuta

[InfoSec News <alerts () infosecnews org>]

https://fortune.com/2020/06/23/immuta-series-c-funding-intel-capital-investments/

By Jeff John Roberts
Fortune.com
June 23, 2020

Privacy is a growing concern for consumers and lawmakers around the world. 
It is also a growing headache for businesses of all sizes that must comply 
with a raft of new data rules, including Europe's GDPR regime and 
California's new CCPA law, or face stiff fines.

The mounting privacy challenge has spawned a cottage industry for lawyers 
and consultants—but also a niche for data startups looking to disrupt 
those high-priced professionals by automating the process. One of those 
startups is Immuta, a Maryland company that on Tuesday announced a $40 
million Series C funding round led by Intel Capital to expand its privacy 
and data governance services.

In an interview with Fortune, CEO Matthew Carroll said he launched Immuta 
as a way to automate the law—a process he says has failed to keep up with 
huge technological advances in cloud computing in recent years.

He cited the example of trucking companies that obtain a wealth of data in 
recruiting drivers, including sensitive health and safety information. 
Immuta's platform, says Carroll, is able to identify and sequester these 
various streams of data, and make sure that only authorized individuals 
can access them.

[...]

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