Protecto Announces $4M Seed Led by Together Fund
Gunderson Dettmer represented client Protecto, a provider of a data privacy solution across the AI lifecycle, in its $4 million Seed financing led by Together Fund. Protecto helps clients meet regulations and accomplish internal privacy goals with its platform that automates the complex steps in the discovery of risks associated with enterprise data. The new capital will be used to strengthen its technical edge by hiring engineering talent and expanding its go-to-market strategic initiatives.
In the announcement of the transaction, Protecto founder and CEO Amar Kanagaraj said, “Privacy and security concerns have long been stumbling blocks for businesses wanting to harness AI fully. At Protecto, our mission is to eliminate these barriers. With our innovative approach, companies no longer have to choose between harnessing the power of AI and ensuring data privacy.”
The Gunderson Dettmer deal team was led by Bennett Yee and included Travis Glock and Joe McGinley.