Dathena Closes Series A Round of Financing at USD 12 Million

By Apac CIO Outlook | Monday, May 18, 2020

Fremont, CA: Deep tech company Dathena closed a USD 12 million Series A funding round led by Jungle Ventures, with the participation of CapHorn and SEEDS Capital, an investment arm of Enterprise Singapore, which is the government agency championing enterprise development. The round was also participated by existing investors, Cerracap Ventures, and MS&AD Ventures. The Singapore based company is a leader in AI-powered data protection and privacy management for global enterprises.

“At Dathena, our mission is to build trust in the digital world, even as companies navigate these challenging times and are inundated by torrents of data from exponentially multiplying sources,” said Christopher Muffat, founder and CEO of Dathena. "This Series A funding round will help us accelerate our product development and go-to-market efforts, giving more companies the chance to benefit from our flexible, cost-efficient, and uncompromising data security solutions."

Proceeds from the investment round will help the company expand its R&D efforts, along with the hiring of NYC-based staff across sales, marketing, and customer success functions to serve the company’s growing North American client base. Dathena is also looking to expand its co-sell partnership with Microsoft into the United States, helping Azure Cloud and Microsoft 365 customers to automate data protection and comply with new data privacy regulations such as the California Consumer Privacy Act.

The company's patented AI tools can unlock crucial new efficiencies, facilitate regulatory compliance, and reduce the risk of costly data breaches. Dathena's integrity, confidentiality, and always-on traceability, along with their ability to secure structured and unstructured data flowing through cloud-based or automated systems, deliver rigorous, cost-effective data security, privacy, and compliance for clients operating in highly regulated spaces or across multiple jurisdictions.

“Dathena’s global growth positions the tech leader to capitalize on the rapid evolution of the $120 billion data protection market. It's a shining example of our investment in global tech companies emerging out of Asia, and we're excited to continue to support their rapid growth," said Amit Anand, Founding Partner at Jungle Ventures. Clients in various fields like financial services, healthcare, and defense trust Dathena to deliver up to 99 percent accuracy in data classification along with an 80 percent reduction in information security operational costs — the kind of robust ROI that cost-conscious companies demand during turbulent times.