TLDR:
- Transcend, a data privacy platform provider, raised $40M in Series B funding.
- The funding round was led by StepStone Group, with participation from other investors.
Transcend, a San Francisco-based data privacy platform provider, has recently raised $40M in Series B funding. The round was led by StepStone Group, with contributions from HighlandX and existing investors Accel, Index Ventures, 01 Advisors, Script Capital, and South Park Commons. This brings the total funds raised by the company to nearly $90M. Founded in 2017 by Ben Brook and Mike Farrell, Transcend helps large companies manage their data, reduce risk, improve operational efficiencies, unlock growth, and build trust. The platform offers standard-setting data protections such as an on-premise security gateway and end-to-end encryption. Transcend’s clients include LG Electronics, Plaid, Brex, Hims & Hers, and Rippling, as well as confidential Fortune 500 and Global 2000 companies. The company plans to use the funds to expand its operations and development efforts.
