Soveren

Overview
News
Digital Privacy Tools?
Product stageSegments
Minimum Viable Product
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Data governance platforms
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Soveren provides an automated privacy incident detection and remediation solution to engineering teams, helping them meet privacy obligations such as the GDPR and CCPA. The company’s solution identifies and resolves privacy incidents (including undetected APIs with unauthorized access to personal data) and risks (such as storing data in unprotected systems). Soveren is a hybrid architecture that comprises the Soveren gateway and Soveren cloud protected by the Transport Layer Security (TLS). Soveren gathers metadata about personally identifiable information (PII) and transmits it to the Soveren cloud in an encrypted format, which provides dashboards with complete visibility into the statistical data and metrics related to PII.

Soveren analyzes data flows across an organization’s infrastructure in real time and leverages machine learning and pattern-matching techniques to discover PII between front ends, back ends, and third parties. It also detects privacy risks associated with the data to recommend effective privacy control measures. The solution also strengthens existing security measures of an organization without having access to the systems or the personal data pertaining to the organization. The company also provides a dedicated security team that trains and helps personnel proactively identify privacy risks.

Key customers and partnerships

As of November 2021, Soveren counted 10 major customers, including Hubble and PandaDoc, across the ecommerce, FinTech, healthcare, software, and travel industries in North America and Europe. The company offered its platform under a software-as-a-service (SaaS) subscription model at a minimum price of USD 99 per source per month for up to 20 data sources and included a free basic plan for up to five data sources.


HQ location:
London GBR
Founded year:
2020
Employees:
11-50
IPO status:
Private
Total funding:
USD 10.1 mn
Last Funding:
USD 3.6 mn (Seed; Feb 2023)
Last valuation:
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Company profile
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