Transcend, a data privacy platform, has raised USD 40 million in a Series B funding round led by Stepstone Group, with participation from HighlandX and existing investors, including Accel and Index Ventures. This round brings Transcend's total external funding raised to ~USD 90 million.
The company will use the fresh funds to enhance its platform.
Since its last funding, Transcend has grown from a privacy kill switch to offering a suite of 12 distinct products that help enterprises understand and manage personal data, automate privacy tasks, assess risks, and oversee AI systems.
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