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

DataGuard is a Munich Based startup company that deals with SaaS to provide privacy, information security and other required information on demand.

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. 

Although DataGuard is not disclosing its valuation, but according to the market rends, this company is growing. 

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Floral Pattern

They have more than 3000 customers in more than 50 countries and are turning tools that can serve more than 40 million people. 

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Yellow Star

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. 

The basic idea of DataGuard is to help the small organisations who have less human resource to grapple with the privacy policy of data security. 

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