Cybersecurity News USA

FFB Bank Funding to Propel Data Safeguard’s Business Growth

Sudhir Sahu, CEO of Data Safeguard1
Sudhir Sahu, CEO, Data Safeguard

Data Safeguard successfully completed seed funding round, led by FFB Bank. The funds will be instrumental in fueling the company’s growth initiatives, enhancing product features, and fortifying its position as a trusted leader in redacting sensitive and personally identifiable information data elements in complex enterprise data environments.

“This money represents a significant milestone for Data Safeguard, allowing us to accelerate our customer onboarding and revenue enhancement efforts.”

SUDHIR SAHU, CEO OF DATA SAFEGUARD

This funding round enables Data Safeguard to advance our market leadership position within the Data Privacy product segment. With the recent release of ID-REDACT on cloud platform, Data Safeguard now offers it’s AI empowered product to both enterprise organizations and individual consumers, ensuring compliance with stringent data privacy regulations and mitigating the risks associated with data breaches.

Data Safeguard, a startup specialized in AI empowered Data Privacy solutions. As per the company statement, with the increasing frequency and sophistication of data breaches, Data Safeguard’s state-of-the-art AI products have gained substantial traction across various sectors, ranging from banking and financial services, healthcare, technology, retail, and government organizations. The company wants to invest in cutting-edge technology and prioritize customer needs, so that it can become a category leader. Data Safeguard aims to revolutionize data protection practices and establish new standards of excellence in the industry.

The funding led by FFB Bank will certainly be a milestone for Data Safeguard to drive its strategic vision forward.

“We are delighted to have secured funding from FFB Bank, a prominent financial institution known for its commitment to supporting innovative technology startups,” said Sudhir Sahu, CEO of Data Safeguard. “This money represents a significant milestone for Data Safeguard, allowing us to accelerate our customer onboarding and revenue enhancement efforts.”

“This investment marks the beginning of an exciting chapter for Data Safeguard,” continued Sahu. “In addition to FFB Bank, we are actively exploring partnerships with several other strategic investors who share our vision of a safer digital world. Together, we will unlock new possibilities and push the boundaries of data privacy solutions.”

“We are excited to be able to financially support Data Safeguard’s current growth and looking forward to continued support for their future growth”, said Omar Olla, VP and Business Development Officer at FFB Bank.

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