Funding

[Funding News] CA-based Transcend Secures $40Million in Series B Round Funding

May 29, 2024 | By Startuprise io

Transcend, a data privacy platform provider, secures $40million in series B round funding. New investor StepStone Group led the round, which raised a total of around $90 million. Other investors included HighlandX, Accel, Index Ventures, 01 Advisors (01A), Script Capital, and South Park Commons.

The money will be used by the business to grow both its operations and growth initiatives.
Transcend, which was founded in 2017 by Ben Brook, the CEO, and Mike Farrell, the CTO, assists the biggest corporations in the world in managing their data, lowering risk, enhancing operational effectiveness, fostering growth, and fostering trust.

The platform also includes industry-standard data protections like end-to-end encryption (E2EE) and an on-premise security gateway.

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The clientele of the company includes Rippling, Hims & Hers, Plaid, Brex, LG Electronics, and secret Fortune 500 and Global 2000 firms.

About Transcend

Transcend is a privacy platform that enables organisations to strengthen customer interactions and regulatory postures for future regulations by implementing consent, control, and respectful, compliant data disclosure.

California Funding Alert Series B Startup Funding