Securiti, a leader in unified data controls, has announced investments from Capital One Ventures and Citi Ventures. The additional funding will be used to strengthen Securiti's DataControls Cloud, a solution that unifies intelligence and controls around data for security, privacy, governance, and compliance. This automation allows large organizations to innovate with data at scale. The investments, following a $75M Series C funding round in October, will accelerate the adoption of a centralized data command center for modern, hyperscale cloud environments. The unification of data intelligence and controls is revolutionizing the industry and enabling organizations to retire complex, legacy solutions.
Jaidev Shergill, managing partner at Capital One Ventures, emphasized the importance of unified intelligence and controls for modern enterprises and praised Securiti for its potential to simplify and automate the process. Securiti achieved over 4x growth in total contract value (TCV) and over 3x growth in annual recurring revenue (ARR) in fiscal year 2022. The company is expanding its customer reach and helping organizations adopt a Unified Data Controls cloud at scale through partnerships with leading Global System Integrators (GSIs) like Accenture. Securiti is set for another year of rapid growth as it explores international expansion.
Vibhor Rastogi, Global Head of AI/ML/Data Investing at Citi Ventures, highlighted Securiti's critical role in addressing data management challenges as cloud adoption continues to grow. Securiti's modern, unified architecture eases the burden on security, privacy, and governance leaders across industries. Rehan Jalil, CEO of Securiti, noted the company's privilege in partnering with large enterprises to enable data-driven innovation and expressed gratitude for the additional resources provided by the investments from the venture capital arms of two top 10 U.S. banks.