Data security startup Dathena nets $12m in round led by Jungle Ventures

Singapore-headquartered deep-tech company Dathena today announced that it has closed US$12 million in a series A funding round led by Jungle Ventures.

Caphorn, Seeds Capital, and existing investors Cerracap Ventures and MS&AD Ventures also participated in the round.

Dathena team / Photo credit: Dathena

The data protection market across the world has reached US$120 billion, according to Jungle Ventures founding partner Amit Anand.

With more enterprises seeking to move their services to the cloud, Dathena, which was founded in 2016, uses AI to identify, classify, and control sensitive data, reduce risks, and enhance the data protection framework. It claims to deliver up to 99% accuracy in data classification and an 80% reduction in information security operational costs.

With more than 100 employees, the company is currently present in Singapore, Geneva, and Paris. It recently opened its US headquarters in New York City.

Dathena said the latest investment will help the company expand globally. It looks to bolster its research and development efforts and make hires in sales, marketing, and customer success functions in the US.

It also plans to expand its co-sell partnership with Microsoft into the US, helping Azure Cloud and Microsoft 365 customers to automate data protection and comply with new data privacy regulations.

Previously, the company raised pre-series A money led by CerraCap Ventures in 2018. Last year, it secured an undisclosed amount of funding in a round led by MS&AD Ventures.