A number of states have proposed new privacy legislation this year. One state, Virginia, has passed a statute that now makes it the second in the U.S. to enact comprehensive privacy.
DataGrail Raises $30M Led by Felicis Ventures
Deep integration with expansive ecosystem of hundreds of popular business systems removes the complexity and costs associated with privacy regulations. DataGrail adds leaders such as Dexcom and WWE to an impressive roster of existing customers.
San Francisco, Calif. March 10, 2021 DataGrail, the modern privacy platform designed to help brands to build customer trust and transparency, today announced that it has raised $30 million in Series B funding in a round led by Felicis Ventures and joined by leaders in today’s SaaS ecosystem, including HubSpot and Okta. Next47, the global venture firm backed by Siemens, also participated, along with Basis Set Ventures, Operator Collective, and all of DataGrail’s previous investors. Victoria Treyger from Felicis Ventures will join the board. DataGrail also announced several new customers, including Dexcom and WWE, adding to an impressive list of existing customers such as Databricks, RH,
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Virginia is now the second state, after California, to pass a comprehensive privacy law. The Consumer Data Protection Act ("CDPA") will come into effect January 1, 2023.
James P. Steyer
Virginia is poised to become the second state in the nation to pass a broad consumer privacy bill. Virginiaâs Consumer Data Protection Act has passed through the General Assembly and the governor is expected to sign it any day. The billâs patron insists the law will give individuals control over their digital data, restoring trust in technologies and data-driven companies that have been irresponsible with peopleâs privacy.
Itâs a noble aim, but efforts to regulate how companies collect and use data is notoriously complicated. Common Sense was on the frontlines in California, working to pass its landmark privacy law in 2018 and a ballot initiative last November that strengthened that law. We have seen firsthand how tech companies fight tooth and nail to defeat anything that would change their business practices and then find ways to sneak around and slip away from following the law once anything is passed.