The company provides infrastructure that organizations can use to manage data privacy and handle personal data across all internal databases and applications. The platform enables automation of data subject rights requests by integrating with the organization’s databases. When fulfilling data subject requests, Transcend collects the relevant data in an encrypted format, which can then be decrypted only by the user who initiated the data subject request.
The platform came out of the beta phase in 2019 and has processed more than 20,000 access, erasure, and opt-out requests as of June 2020. The company also provides the Privacy Center, which features a user-facing portal to manage user privacy preferences.
Funding and financials
Transcend’s most recent funding round was in June 2024, where it raised USD 40 million in Series B funding led by StepStone Group. The funding is expected to be used to further enhance the company’s digital privacy platform.
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