Privitar, a UK-based data privacy startup, has raised $80mn Series C funding.
In Brief:
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HSBC invested $7mn.
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Other investors included Warburg Pincus, ABN Amro Ventures, Accel, Partech, IQ Capital and Salesforce Ventures.
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Privitar helps banks make the most of Big Data while keeping customer information secure.
What does this mean?
HSBC has already been a client of Privitar’s for four years, but this is the first time it has invested in the startup. Privitar has helped HSBC develop approaches to combat money laundering – but now it’s expanding its use to other areas.
