Austin-based data privacy management company Osano secured $25 million in a Series B funding round led by Baird Capital and supported by different venture capital companies. Founded in 2018, the company plans to use the funding to develop its data privacy platform.
With recent public breaches, global consumers are concerned about online privacy. Osano aims to help businesses navigate new regulations and maintain data privacy standards.
Alongside the funding announcement, Osano hired three new board members with a goal to expand its team into multiple departments like engineering, product development and sales.