Immuta closed $20 million in Series B funding led by DFJ Growth, with participation from new investors Dell Technologies Capital and Citi Ventures and existing investors Drive Capital and Greycroft.
Immuta strives to help data scientists, data owners, and governance teams work together in a single digital platform to access data faster and in a legal and ethical manner, lowering business risk and bridging the gap between the law and AI. The company recently launched its Global Partner Program to capitalize on the ongoing shift within global enterprises from legacy application-centric tools to AI-powered decision-making.
In 2017, Immuta grew 260 percent year over year in customer revenue, adding new Global 1000 customers across government, insurance, financial services, and healthcare verticals. The company plans to use the funds to accelerate global customer growth and extend product leadership for Immuta’s data management platform for artificial intelligence.