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Transcend raises USD 40 million to enhance platform
Digital Privacy Tools
May 28, 2024
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Digital Privacy Tools

Digital Privacy Tools

May 28, 2024

Transcend raises USD 40 million to enhance platform

Funding

  • 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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