Transcend, a San Francisco, CA-based data privacy platform provider, raised $40M in Series B funding.
The round, which brought the total raised to nearly $90M, was led by new investor StepStone Group, with participation from HighlandX and existing investors Accel, Index Ventures, 01 Advisors (01A), Script Capital, and South Park Commons.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2017 by Ben Brook (CEO) and Mike Farrell (CTO), Transcend helps the world’s largest companies govern their data—reducing risk, improving operational efficiencies, unlocking growth, and building trust. In addition, the platform incorporates standard-setting data protections including an on-premise security gateway, end-to-end encryption (E2EE), and more.
The company serves LG Electronics, Plaid, Brex, Hims & Hers, and Rippling––as well as confidential Fortune 500 and Global 2000 companies, among others.
FinSMEs
28/05/2024