Parent Company of Privacy Compliance Provider ActiveNav Announces $8M Investment
The investment for Data Discovery Solutions, the parent company of ActiveNav and relatively new data mining and forensics company Actfore, comes just two years after the company closed on a smaller funding round involving the same investor.
May 23, 2024 at 02:46 PM
2 minute read
Cybersecurity and Privacy
On Thursday, Data Discovery Solutions, the parent company of discovery, privacy compliance and data governance provider ActiveNav and data mining and forensics company Actfore, announced the completion of an $8 million funding round from growth equity investor Gresham House Ventures.
A news release announcing the funding noted that the company will use the investment to fuel "further innovation, expansion, and market penetration for its core divisions ActiveNav and Actfore."
In addition to catering to legal and legal service clients, ActiveNav, which released a cloud service in 2023, also targets federal, state and local government clients, as well as the financial, insurance, energy and utilities industries. Meanwhile, Actfore is a relatively new addition to the company, having officially launched in Q4 2022, and specifically caters to client's data breach responses needs.
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