PYMNTS.com May 28, 2024

Transcend raised $40 million in a Series B funding round to continue growing its suite of privacy and artificial intelligence governance solutions.

The company started with a “virtual kill-switch for consumers to delete data” and now offers 12 products that help enterprises understand and manage personal data, privacy tasks, risks and AI systems, Transcend said in a Tuesday (May 28) press release.

“Privacy problems have to be solved at the data system level, with infrastructure that orchestrates personal data directly across all business systems,” Transcend CEO Ben Brook said in the release. “That’s how we’ve built the Transcend platform since day one, and this latest fundraise will help us meet the demand for a transition to modern privacy technology.”

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Topics: AI (Artificial Intelligence), Healthcare System, Investments, Privacy / Security, Technology, Trends
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