Data Safeguard announces seed funding to propel global expansion

AI-powered SaaS Data Privacy compliance and Synthetic Fraud prevention company for B2B and B2C market segments, Data Safeguard has announced the successful completion of seed funding rounds for both USA and India. This strategic funding round marks a significant milestone, driving the rapid advancement and expansion of Data Safeguard's innovative products and services across USA, India and future growth into European as well as Southeast Asia markets, USA.  

Data Safeguard's robust product suite, featuring ID-REDACT, ID-MASK, ID-FRAUD, and ID-AML, empowers enterprises to address global challenges related to data privacy and synthetic fraud by eliminating regulatory fines, preventing fraud losses, and protecting PII data at its source, and instilling consumer confidence. Trusted by a diverse clientele, including banks, credit unions, healthcare providers, retailers, data centers, and government agencies, Data Safeguard stands at the forefront of cutting-edge Data Privacy compliance and Synthetic Fraud prevention solutions.  

Sudhir Sahu, Founder and CEO of Data Safeguard Inc., a Silicon Valley seasoned entrepreneur has been boot strapping the venture since June 2021 with an initial investment of $10M. Data Safeguard welcomes the private investor community, this round will help fuel growth and further establish the company as the Data Privacy compliance leader in the enterprise market segment.  

“This seed round will help us enhance our product to immediately support our India based clients and ensure our market leading position,” says Sudhir Sahu.  

Expressing their enthusiasm, the team stated, "We are excited to announce the successful closure of the seed funding rounds for our USA and Indian operations. This funding will expedite our growth in USA and India, including enabling our entry into the European and Southeast Asian markets. We are committed to helping enterprises meet Data Privacy compliance and prevent Synthetic Fraud losses in these regions."  

Private investors expressed their support for Data Safeguard's expansion into India to support enterprises meeting Data Privacy compliance driven by DPDP Act, as well as future expansion into European and Southeast Asia markets.