About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Privatar Plays into GDPR and plans Product and Geographic Expansion

Subscribe to our newsletter

Privitar plans to invest the $16 million it raised in a recent funding round in accelerating development of existing and new data privacy products, and extending its geographic footprint from Europe to the US and Asia-Pacific. The company was founded in 2014 and is now well placed to help data-driven organisations address data privacy concerns – including the damages of compromising privacy – and comply with legislation such as General Data Protection Regulation (GDPR).

Jason du Preez, CEO at Privitar, says: “Data privacy can no longer be managed by dispensation, as use of dispensations can’t scale to support growth in the amount of personal data that is generated and collected by organisations. Technology is needed, not only to ensure data privacy and customer trust, but also to enable organisations to get the most out of sensitive data without compromising privacy and security.”

The company offers two software solutions and plans to use some of the investment money to strengthen these and add additional solutions to its portfolio. The focus on Privitar Publisher, which creates an anonymised copy of data so that individuals in a dataset cannot be identified, although the data can still be used for analytics, machine learning and sharing with trusted parties, is on the data anonymization element of the product. The differential privacy capabilities of Privitar Lens, which provides an application programming interface (API) to allow sensitive data to be queried without direct access to the data and without disclosure of any individual identities, will also be developed. Du Preez suggests additional products designed to produce a set of coherent capabilities for any data privacy problem will begin to enter the market within 12 months.

Privitar has 11 customers across Europe, the majority being financial services firms within the scope of GDPR, and intends to use another slice of the investment money to extend its reach into US and Asia-Pacific markets, where it is talking to prospects.

The timing and extent of an additional round of funding, led by Partech Ventures with participation from CME Ventures, Salesforce Ventures and existing investors IQ Capital, 24Haymarket and Illuminate Financial, could not be better for Privitar. As du Preez comments: “Organisations have been in the early stages of data privacy discovery over the pasts 12 months, but they are now changing gear and moving to delivery and execution. Data privacy is a top 10 item on the board agenda – it wasn’t six months ago.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: GenAI and LLM case studies for Surveillance, Screening and Scanning

12 November 2025 11:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes As Generative AI (GenAI) and Large Language Models (LLMs) move from pilot to production, compliance, surveillance, and screening functions are seeing tangible results — and new risks. From trade surveillance to adverse media screening to policy and regulatory scanning, GenAI and...

BLOG

Rethinking Regulatory Reporting with Regnology

In a financial services industry that moves millions in milliseconds, it’s sobering to realize that the regulatory reporting processes underpinning these markets remain stuck in the past. Despite advances in technology and regulatory data management, regulatory reporting operates primarily on what Maciej Piechocki, Chief Revenue Officer at RegTech and SupTech provider Regnology, calls “digitalized paper.”...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...