According to Transcend, the startup received $40 million in a series B investment round. Transcend’s $40 million series B investment round was led by StepStone Group.
Transcend, a startup that helps companies manage their data compliance, announced that it has received investment. According to the information provided by Transcend, the startup received 40 million dollars in the B series investment round.
Transcend’s $40 million Series B investment round was led by StepStone Group. Apart from StepStone Group, HighlandX and the company’s existing investors Accel, Index Ventures, 01 Advisors (01A), Script Capital, South Park Commons also participated in the investment round.
With the new investment of 40 million dollars, the total investment received by the Transcend initiative to date has reached 90 million dollars. According to the information shared by Transcend, the new investment will be used to expand the company’s operations and development work.
Founded in 2017 by Ben Brook and Michael Farrell in San Francisco, Transcend is a startup that focuses on data management and data compliance. At its core, Transcend offers a data security platform that makes it easier for its customers to gain control over their users’ personal data.
The platform developed by Transcend enables both large enterprises and SMEs to manage their data-driven privacy compliance.
Transcend has 12 different solutions to help companies understand and manage personal data, automate privacy tasks, assess risks and audit AI systems. Transcend’s customers include major brands such as LG Electronics, Plaid, Brex, Hims & Hers and Rippling.
