<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Mulberri, an AI-powered insurance platform, partnered with Acronis, a cyber security company, to provide cyber insurance to small and medium businesses (SMBs) through the Acronis platform.
      </p>
    </li>
    <li>
      <p>
        The partnership allows Mulberri and Acronis to extend end-to-end solutions to Acronis customers against the threat of cyberattacks.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20240418428741/en/Mulberri-and-Acronis-Launch-Partnership-for-Cyber-Insurance-for-US-based-Small-and-Medium-Sized-Businesses">
      Press release
    </a>
  </p>
</div>


Digital Privacy Tools

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 
 <p>Mulberri and Acronis have partnered to offer cyber insurance to small and medium businesses (SMBs). This partnership extends end-to-end solutions for Acronis customers against cyber threats.</p>

</div>

Mulberri partners with Acronis to provide embedded cyber insurance for US-based SMBs

<div>
 
 <p>BreachRx, an incident response platform, procured USD 6.5 million in seed funding from SYN Ventures and Overline.</p>
 <p>These new funds will be directed towards the expansion of BreachRx's engineering and market penetration teams.</p>
 
</div>

BreachRx raises USD 6.5 million in seed funding for recruitment

ANALYST_QUICK_TAKE

<div>

<p>Snowflow, a company specialized in privacy-focused data storage, has successfully raised an additional USD 30 million in an extension of its Series B funding round. Lead by Khosla Ventures, other participants included Mouro Capital, Foundation Capital, and Canvas Ventures. This latest investment means that Snowflow’s overall financial backing now totals USD 100 million.</p>

<p>It is expected that these newly acquired funds will help speed up the integration of enterprise-grade data privacy and protection. This will be particularly beneficial for LLMs as well as AI applications. </p>

<p> Recent reports show that Snowflow has enjoyed a revenue growth of more than 210%. They currently aid nearly a billion records of user data for their global customer base, including recognized brands such as GoodRx, Lenovo, and Hippocratic AI. The company handles more than 2 billion API calls per quarter. </p>

</div> <p><b>Analyst QuickTake:<br>
 </b> When GenAI adoption hit a peak in 2023, Snowflow launched “ <a href="https:<br>
//sp-edge.com/updates/18711"> Skyflow GPT Privacy Vault </a> ,” a secure processing environment for large language models (LLMs) like OpenAI’s ChatGPT. The company claims the solution will allow organizations to use sensitive data within LLMs while maintaining data privacy.</p>

Skyflow raises USD 30 million in Series B extension funding

<div>
 <p>New Hampshire Governor Chris Sununu has enacted Senate Bill 255 (SB 255), also known as “An Act Relative to the Expectation of Privacy.” This makes New Hampshire the 14th state to make privacy legislation comprehensive and this will be in effect from January 1, 2025.</p>
 <p>This law is applicable to businesses operating in New Hampshire or offering products and services to its residents and having control on the data of atleast 35,000 consumers, or a minimum of 10,000 consumers and making over 25% of their total income from the sale of personal data. The thresholds of this law are less than those of the privacy laws in other states, as it seems to correspond to New Hampshire’s smaller population.</p>
 <p>Consumer rights and controller duties in this new law resemble those in the comprehensive recent legislation presented by other states. Additionally, the New Hampshire law doesn't provide a private right of action, as enforcement will be managed only by the Attorney General’s Office.</p>
 </div>

New Hampshire Governor signs Privacy Law

<div>
 <p>BigID, a data security firm powered by artificial intelligence, has successfully raised USD 60 million in a funding round. The round was led by Riverwood Capital and also saw participation from Silver Lake Waterman and Advent. The total funding that BigID has now raised is nearly USD 308 million.</p>
 <p>The newly-acquired funds will be used by the company to speed up its organic and inorganic growth.</p>
 <p>BigID has also reported an annual recurring revenue (ARR) that is close to USD 100 million.</p>
</div>

BigID raises USD 60 million to accelerate growth

<div>
 <p>Filecloud, a platform for unstructured data governance and collaboration, has revealed a series of product updates aimed at improving compliance and data protection, as well as introducing new AI capabilities.</p>
 <p>These updates feature automated content classification and a no-code rules editor with a visual facet and simulation mode.</p>
 
</div>

Filecloud reveals new product features for secure collaboration

<div>
 <p>Zama, a Paris-based startup specializing in homomorphic encryption, has secured USD 73 million in a Series A funding round. The funding round was led by Multicoin Capital and Protocol Labs and gave Zama a valuation close to USD 400 million. To date, Zama has successfully raised a total of USD 81 million.</p>
 <p>Moving forward, the company aims to further invest in research and development (R&amp;D), as well as expand its engineering team.</p>
 
</div>

Zama raises USD 73 million for R&D and to expand hiring

<div>
 <p>Silence Laboratories, a firm focused on developing infrastructure for secure data collaborations between enterprises, recently secured USD 4.1 million in a funding round. This round was spearheaded by Pi Ventures and Kira Studio with several angel investors also participating. Counting this round, Silence Laboratories has successfully raised a total of USD 6 million in external funding.</p>
 <p>In relation to the utilisation of the newly acquired funding, the company plans to strengthen its Research and Development (R&amp;D) operations and expand both its technology and business teams.</p>
 <p>The company's product line includes Silent Shard, an authorization library that uses modern cryptography methods. This product aids organizations in reducing the risk associated with exposing sensitive passkeys. It also facilitates the construction of complex authorization structures.</p>
</div>

Silence Laboratories raises USD 4.1 million to scale R&D and expand team

<div>
 
 <p>US President Joe Biden has enacted an order limiting the sale of personal data belonging to US citizens to countries flagged as concerns. This executive order majorly affects data brokers and is set to encompass all variants of personal data such as health records, biometrics, financial information and geolocation data.</p>
 
</div>

Biden issues executive order to protect personal data better

<div>
 
 <p>GenAI-based data governance startup, Codified, has recently received a USD 4 million seed funding. This investment round was led by Madrona Ventures and Vine Ventures, and included participation from Soma Capital and various angel investors.</p>
 <p>The newly raised funds will be utilized to expand the team, develop their product further, and bring their solution to the marketplace.</p>
 <p>Through Codified, companies can implement data governance policies using just natural language. It offers complete visibility of access and data rights across users, roles, and groups. According to the company, it eliminates the need for manual intervention as it automates access management once policies are in place.</p>
 
</div>

All Updates