Companies are facing hundreds and million dollar fines for not able to comply with the data protection and privacy rules. 

Today, the company is announcing that it has stored 61 million dollars in a series B round of funding headed by Morgan Stanley Expansion capital to dual down the market. 

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Although DataGuard does not disclose its revenue numbers, they state that it has grown 10x times than previous year. 

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DataGuard offers a wide range of tools across information security, privacy and compliance that can assess different ways that data is being utilised by an organisation. 

It analyses the data to determine whether a company is in compliance with numerous certificates. 

DataGuard has grown to a level with limited outside funding. Therefore, all investors are knocking at their doors.