A New York-based data privacy software startup co-founded by Ireland’s Cillian Kieran has raised $4.2 million in seed funding. The software aims to automate data privacy and make it easier to meet the European Union’s General Data Protection Regulation (GDPR) compliance obligations, TechCrunch reports.
Designed to be developer-friendly, the platform is built as an application programming interface (API) and allows privacy to be integrated at an early stage. Data privacy law and regulations were initiated in Europe over a year ago, but still presents compliance challenges for many companies.
The seed funding was led by IA Ventures and Founder Collective with Table Management, Sinai Ventures, Cheddar Founder Jon Steinberg and Moat Co-Founder and CEO Jonah Goodhart also participating.
“These solutions don’t actually solve the issue from an infrastructure point of view. I think that’s the distinction. You can go and use the consultants, or you can use a control panel that tells you what you need to do,” Kieran said to TechCrunch. “But ultimately, at some point, you’re either going to have to build or deploy code that fixes some issues or indeed manually manage or remediate those [issues]. Ethyca is designed for that and takes away those risks because it is managing privacy by design at the infrastructure level.”Read Complete Article