Dathena announces closing of Pre-Series A round, led by CerraCap Ventures
SINGAPORE, November 8, 2018 – Dathena Science, the Leading AI-powered Data Protection and Management Platform announcesthe closing of Pre-Series A funding round led by CerraCap Ventures, a global AI investment Venture fund headquartered in California.
"At a time when organisations are investing significantly in the Data Protection and Data Privacy spaces, we see exceptional value in Dathena’s unique offering and intellectual property" said Saurabh Ranjan, CEO, CerraCap Ventures.
Enterprises around the world face the daunting challenge ofprotecting and securingexponentially growingdata sets, respondingto ever stricterregulation andincreasingmarket expectations with regards to privacy protection.
Built on cutting edge AI technologies (Natural Language Processing, Machine Learning, Deep Learning), Dathena’s suite ofproducts helpsorganisations identify Personally Identifiable Information (PIIs)automatically, evaluate readiness and remediation to Data Privacy compliance, classify data, detect security anomalies and protect sensitive information in a seamless, comprehensive and thorough process.
“We are excited to expand our portfolio in Asia through this investment. Dathena’stransformational technology is key for organisations to understand and protect their data, including meeting the recent data privacy regulations such as GDPR” said Vikas Datt, Partner CerraCap Ventures. As part of the deal Vikas Datt will join Dathena’s Board as an Observer.
The Cerracap investment marks a new step for Dathena in 2018. The Singapore based-companyhas beenrecognized as a “Cool Vendor” by Gartner in Application and Data Security as well as Artificial Intelligence in Asia. Dathena is also part of the NVIDIA Inception Program and has partnered upwith Ecole PolytechniqueFédérale de Lausanne, a prestigious research institute and international university and with PWC Switzerland. Dathena also recently opened an office at Station F in Paris sponsored by Thales Group’s Digital Factory. “We are delighted to partner with CerraCap Ventures. Thisinvestment will help us fund key hiresfor our Singapore and European offices in order to respond to exceptional demand from clients and partners for our products and also prepare for US expansion“said Christopher Muffat, CEO of Dathena.
Existing shareholder Demetis also took part in the pre-Series A funding round.
About Dathena Science
Dathena is a Singapore headquartered company bringing a new paradigm to privacy and data security protection byenablingorganisations around the world to take back control of their data. Leveraging the power of AI, Dathena’s platform is delivering breakthrough solutions with unprecedented efficiency, speed and accuracy to secure the entire “privacy and data security protection journey” of its clients.