Privitar, a UK-based data privacy startup, has raised $80mn Series C funding.
HSBC invested $7mn.
Other investors included Warburg Pincus, ABN Amro Ventures, Accel, Partech, IQ Capital and Salesforce Ventures.
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.