Singapore-based deep tech startup Dathena has raised $12 million in Series A funding led by Jungle Ventures. The round was joined by Caphorn, SEEDS Capital, Cerracap Ventures and MS&AD Ventures.
Founded in 2016, Dathena provides AI-powered data security and privacy solutions to enterprise clients around the world across sectors such as financial services, healthcare and defence. It claims its patented AI tools can unlock new efficiencies, facilitate regulatory compliance and reduce the risk of costly data breaches.
Dathena recently opened its North American headquarters in New York City and aims to use the proceeds to expand its local sales team and grow its client base in the market. It also plans to expand its co-sell partnership with Microsoft in the US, helping Azure Cloud and Microsoft 365 customers automate data protection and comply with data privacy regulations.
“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. 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,” said Christopher Muffat, founder and CEO of Dathena.
“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 Jungle Ventures founding partner Amit Anand.
Dathena employs over 100 people, including data scientists and information risk experts, at its offices in Singapore, Geneva, Paris, and New York.