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Deep-tech company Dathena raises $12m Series A round

by • May 17, 2020 • PropTechComments (0)83

Deep-tech Company Dathena Raises $12M Series A Round to Drive Global Adoption of AI-Powered Data Privacy and Security Solution

 

Singapore-based deep-tech company Dathena, the leader in AI-powered data protection and privacy management for global enterprises, today announced that they have closed a $12 million Series A 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. Existing investors Cerracap Ventures and MS&AD Ventures also participated in the round.

deep-tech company

Image: Dathena

Following the opening of the deep-tech company Dathena U.S. headquarters in New York City, the funding round sets the stage for the tech pioneer’s continuing global expansion.

More than 200,000 users and a multitude of enterprise clients worldwide already trust Dathena’s end-to-end AI-powered solutions to identify, classify, and protect sensitive information and ensure regulatory compliance.

As enterprises move services to the cloud, grapple with an explosion of consumer data, and navigate privacy regulations including GDPR and CCPA, new security approaches are required to mitigate the risk and protect against ever-growing corporate and reputational damages. The challenge is further amplified with the growing economic uncertainty and heightened data security risks relating to increased remote working.

The deep-tech company Dathena patented AI tools can unlock crucial new efficiencies, facilitate regulatory compliance, and reduce the risk of costly data breaches. Their 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.

Clients in fields such as financial services, healthcare, and defense trust Dathena to deliver up to 99% accuracy in data classification coupled with an 80% reduction in information security operational costs — the kind of robust ROI that cost-conscious companies demand during turbulent times.

“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.

“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.”

The new funding will support the deep-tech company Dathena’s expanding 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. The deep-tech company Dathena also plans 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.

“We have been following the development of Dathena for over two years, during which we have witnessed their ability to recruit top talent, serve an ever growing base of demanding clients, clarify their unique selling proposition and strengthen their product,” said François Santi, Principal at CapHorn Ventures. “We are convinced that they are on track to become the international leader of the very deep, and fast growing, data protection market.”

Mr Paul Ho, chief mortgage consultant at iCompareLoan, said: “as the Covid-19 global crisis is accelerating the digital disruption, services offered by the deep-tech company Dathena are especially important.”

He added, “For the real estate sector, even as it moves towards data classification accuracy it will also want a  reduction in information security operational costs, and that is what companies like Dathena provide.”

He noted that many property agencies struggle to keep up with all the regulatory changes in the industry, as well as the changing financial calculations for acquiring a property. He urged property agents to master the basics in property financing, refinancing, taxation and CPF.

Mr Ho said that iCompareLoan.com runs a full 2 – 3 days course on how property agents can produce such reports for their customers. He added that the trademarked course teaches Property Agents how to generate complicated Financial calculations using –  Home Loan Report (TM) – in 3 mins flat. This helps Property agents to close deals faster and serve customers more professionally.

The Home Loan Report tool is a Singapore’s first one-of-a-kind analysis platform that provides latest updates of detailed loan packages and helps property agents, financial advisors and mortgage brokers to analyse home loan packages for their clients and give unbiased home loan / commercial loan analysis for their property buyers and home owners.

As buyers of the future grow more discerning, agents cannot afford to just rely on their personality or their experience to attract clients. Buyers and sellers of the future will increasingly rely on agents to have knowledge on property finance calculations and this is where the Home Loan report comes in.

This trademarked tool is a one-stop solution that can help deliver a detailed home loan report to property agents in 3 minutes flat. This is especially helpful when agents who do not have knowledge on property finance calculations make cold calls to potential clients and need to have a thorough analysis at hand in order to best direct each client on what their property buying and selling options are.

Such a report will not only help agents deliver the best possible property options to their clients, it will also help prevent the agent or potential buyers or sellers from wasting each other’s time since they already have all the information they need on the potential client’s buying or selling prospects at hand.

Property agents who want to continue working in the industry must set themselves apart and position themselves as thought leaders, especially in this day and age where digital marketing largely drives the economy.

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