The new investment round was led by Third Point Ventures, with participation from Cloud Apps Capital, Felicis Ventures, Next47, Operator Collective, Sixty Degree Capital, and Thomson Reuters Ventures.
Founded in 2018, the San Francisco-based firm provides a data privacy solution that creates an automated map of all business systems within an organization, to provide visibility into the data footprint and to help optimize privacy practices and reduce risks.
DataGrail says its solution also improves privacy and security by storing sensitive data securely in the cloud, by encrypting data at rest using AES-256, and by providing customers with full control over the data.
The company also boasts of having organizations such as Salesforce, Instacart, New Balance, Skillshare, and MyFitnessPal as customers.
DataGrail says it has increased its employee base by more than 100% over the past year and that it continues to hire aggressively.