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 DataGrail, a privacy compliance startup, has raised USD 45 million in an oversubscribed Series C funding round led by Third Point Ventures with participation from Thomson Reuters Ventures, Sixty Degree Capital, and several existing investors. DataGrail&rsquo;s total funding currently stands at more than USD 84 million.
 
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 The funds will be utilized to expand growth and business operations and double its employee headcount over the next year.
 
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 In addition to this, DataGrail also launched a new product &ndash; Risk Monitor &ndash; that leverages intelligent workflows and pre-populated documentation to build risk assessments such as automated Data Protection Impact Assessments (DPIAs), Privacy Impact Assessments (PIAs), or third-party assessments.
 
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 DataGrail reported that its revenue grew by 3x since March 2021. Over the past year, DataGrail doubled its customer count and added notable customers including Salesforce, New Balance, Instacart, Skillshare, and MyFitnessPal. The company also doubled its employee headcount to more than 100 from 40 in 2021. DataGrail also increased its plug-ins to 1,400 from 900 in 2021.
 
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 Analyst QuickTake:
 DataGrail 
 <a href="https://sp-edge.com/updates/2706">
 raised USD 30 million
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 in Series B during March last year and one of the planned utilization of the funding proceeds was to grow its employee headcount from 40 to 90 or 100 by the end of 2021.
 
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 <a href="https://www.businesswire.com/news/home/20221012005452/en/DataGrail-Raises-45-Million-Empowers-Businesses-to-Meet-Growing-Consumer-Expectations-with-Automated-Data-Privacy-Solutions">
 Company press release
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 <a href="https://www.datagrail.io/blog/company/datagrail-funding-2022/">
 Company blog
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 <a href="https://techcrunch.com/2022/10/12/datagrail-announces-automated-risk-assessment-tool-and-45m-investment/">
 TechCrunch
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 <a href="https://www.finsmes.com/2022/10/datagrail-raises-45m-in-series-c-funding.html">
 FinSMEs
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All Updates

DataGrail raises USD 45 million in Series C funding