On Tuesday, data privacy and compliance solutions firm Transcend announced that it raised $40 million in a Series B funding led by new investor StepStone Group. Transcend offers a dozen products that help companies comply with global privacy regulations, including data subject right and consent management, and e-discovery and data classification tools.
A press release announcing the investment noted that the recent series B round brings the company’s total funding to $90 million. In the release, Transcend CEO Ben Brook underscored that the company has much room to grow given that companies are still struggling to meet their expanding privacy compliance needs.
