DataGrail

DataGrail

Data privacy management and compliance solutions

About DataGrail

Simplify's Rating
Why DataGrail is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Enterprise Software

Cybersecurity

Company Size

51-200

Company Stage

Series C

Total Funding

$120.8M

Headquarters

San Francisco, California

Founded

2018

Overview

DataGrail provides businesses with a platform to manage and protect their data, focusing on data privacy. The platform helps organizations identify and track personal data, ensuring compliance with privacy regulations and minimizing risks. It integrates with various systems, including third-party SaaS and internal APIs, allowing businesses to maintain a detailed inventory of their data and efficiently handle privacy requests. DataGrail operates on a subscription model, offering features like a live data map, cookie consent management, and privacy risk assessments. This comprehensive approach saves clients time and resources while fostering customer trust through a commitment to data privacy. DataGrail stands out in the market due to its user-friendly design and scalability, positioning it well to meet the increasing demand for data privacy solutions.

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Simplify's Take

What believers are saying

  • DataGrail named a leader in data privacy compliance by IDC MarketScape in 2024.
  • The 246% increase in privacy requests since 2021 boosts demand for DataGrail's solutions.
  • New executive leaders, like Eric Brinkman, enhance product functionality and innovation.

What critics are saying

  • High cost of processing data requests may deter potential clients from using the platform.
  • Rapid AI evolution may outpace DataGrail's ability to manage associated risks effectively.
  • Lack of federal privacy regulation in the U.S. complicates compliance efforts for clients.

What makes DataGrail unique

  • DataGrail integrates with third-party SaaS and internal systems for comprehensive data management.
  • The platform offers a live data map and cookie consent management for privacy compliance.
  • DataGrail's AI Governance Solution addresses AI risks in third-party apps and systems.

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Funding

Total Funding

$120.8M

Above

Industry Average

Funded Over

5 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$45M
DataGrail
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Competitive compensation package + equity

Work from anywhere

Unlimited paid-time-off (+2 weeks mandatory!)

Treat yourself with 8 scheduled “DataGrail Days” a year for personal wellness

Annual career development stipend

Health, dental, & vision

401(k) plan

Monthly hardware & remote office stipends

UberEats meal program

Growth & Insights and Company News

Headcount

6 month growth

-6%

1 year growth

1%

2 year growth

5%
MarTech Cube
May 3rd, 2024
DataGrail Reports Worldwide Surge in Data Privacy Requests

Ahead of the RSA conference, DataGrail (Booth #243), a leader in data privacy, released its 2024 Data Privacy Trends Report, which illustrates consumers' growing desire to take control over their data and helps businesses understand what to expect amid the rising demands.

PR Newswire
May 1st, 2024
Brace For Pressure: Datagrail Reports Worldwide Surge In Data Privacy Requests

DataGrail's 2024 Privacy Trends Report shows 246% boost in privacy requests since 2021 as consumers seek to clear personal data onlineData Privacy request cost to businesses increases 36%, estimated to reach $881,000 per year, per one million identitiesSAN FRANCISCO, May 1, 2024 /PRNewswire/ -- Ahead of the RSA conference, DataGrail (Booth #243), a leader in data privacy, released its 2024 Data Privacy Trends Report , which illustrates consumers' growing desire to take control over their data and helps businesses understand what to expect amid the rising demands. The findings reveal that Data Subject Requests (DSRs) — formal requests made to a company by a person to access, delete or request not to sell/share the personal data that the company holds on them — increased by 32% from 2022 to 2023. Data deletion requests were the most common type of DSR, on average accounting for more than 40% of requests across businesses.As data privacy requests increase, findings show increased financial pressures on the brands processing them. According to Gartner , a single access or deletion request costs around $1,524 to complete. DataGrail's data suggests that a company handling one million identities receives 578 access and data deletion requests in an average year, meaning these DSRs could cost businesses nearly $1 million per year.Privacy Trends 2024 Report Key Findings2023 saw a 246% increase in the total volume of data privacy requests compared to 2021. In 2021, there was an average of 248 DSRs per million identities, and 2023 reached 859 DSRs per million identities.In 2021, there was an average of 248 DSRs per million identities, and 2023 reached 859 DSRs per million identities

Business Wire
Mar 19th, 2024
Datagrail Named To Fast Company’S Annual List Of The World’S Most Innovative Companies Of 2024

SAN FRANCISCO--(BUSINESS WIRE)--Today DataGrail, a leader in data privacy, celebrates being named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024. The company secured the #4 spot on the list in the Security category for its leadership in data privacy. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. These organizations are setting new standards and achieving remarkable milestones in all sectors of the economy. Alongside the World's 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions. “DataGrail believes first and foremost that privacy is a human right, and that data privacy will be a defining issue of this decade

Yahoo Finance
Mar 19th, 2024
Datagrail Named To Fast Company'S Annual List Of The World'S Most Innovative Companies Of 2024

DataGrail ranks #4 in Security on Fast Company's 2024 Most Innovative Companies list for transforming how brands manage data privacy and protecting this vital human right (Graphic: Business Wire)Data privacy company transforming how brands manage data privacy joins the ranks of Nvidia, YouTube, OpenAI, Canva and moreSAN FRANCISCO, March 19, 2024--(BUSINESS WIRE)--Today DataGrail, a leader in data privacy, celebrates being named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024. The company secured the #4 spot on the list in the Security category for its leadership in data privacy.This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. These organizations are setting new standards and achieving remarkable milestones in all sectors of the economy. Alongside the World's 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions."DataGrail believes first and foremost that privacy is a human right, and that data privacy will be a defining issue of this decade. Never has this mission been more important. New technologies like generative AI push boundaries of how personal data can be used, and a lack of federal privacy regulation opens the door for personal information to be misused," said Daniel Barber, DataGrail CEO and Co-founder

Business Wire
Mar 13th, 2024
Datagrail’S Ai Governance Solution Uncovers Shadow Ai Helps Businesses Innovate With Confidence

DataGrail’s AI Governance Solution uncovers AI risks in third-party apps and systems that power their business, helping organizations get the benefits of AI innovation, while understanding and managing its associated risks. (Graphic: Business Wire)DataGrail’s AI Governance Solution uncovers AI risks in third-party apps and systems that power their business, helping organizations get the benefits of AI innovation, while understanding and managing its associated risks. (Graphic: Business Wire)SAN FRANCISCO--(BUSINESS WIRE)--DataGrail, the leading Data Privacy Platform,™ today announces its AI Governance Solution. At a time when 48% of CISOs cite AI security as their biggest concern, DataGrail’s AI Governance Solution uncovers AI risks in third-party apps and systems that power their business, helping organizations get the benefits of AI innovation, while understanding and managing its associated risks.Additionally, in response to customer demand, DataGrail unveiled its Responsible AI Use Principles & Policies Playbook. Available to enterprises and consumer brands, DataGrail provides a framework for businesses to develop their own customized AI principles and policy based on their values. This two-pronged approach– assisting brands in creating their own policies while simultaneously examining AI risk posed by third parties– is game-changing for companies navigating an uncertain, rapidly evolving data privacy landscape.“The AI landscape is evolving quickly

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