Technical.ly Wirewheel 20m Series a company that provides a platform for data privacy and security for organisations, has secured a $20 million Series A investment round.
Redpoint Ventures took the lead in the round, and FirstMark Capital, Underscore VC, and Work-Bench also contributed.
CEO Justin Antonipillai, a former official in the Obama administration, and CTO Kevin Lee, a former engineer at Palantir, created Wirewheel in 2016.
The company’s platform aids businesses in adhering to data privacy laws like the California Consumer Privacy Act and the Global Data Protection Regulation (GDPR) (CCPA). It also offers organisations a way to protect and manage customer data.
With an emphasis on engineering and sales, Wirewheel intends to use the fresh money to expand its personnel. The business maintains offices in New York and Washington, D.C.
Describe Wirewheel.
Enterprises can use the data privacy and security platform called Wirewheel. The platform aids businesses in adhering to data privacy laws like the California Consumer Privacy Act and the Global Data Protection Regulation (GDPR) (CCPA).
CEO Justin Antonipillai, a former official in the Obama administration, and CTO Kevin Lee, a former engineer at Palantir, started the business in 2016.
The main office of Wirewheel is in San Francisco, and it also has locations in New York and Washington, D.C.
Who or what is Wirewheel?
The platform from Wirewheel assists businesses in adhering to data privacy laws including the California Consumer Privacy Act and the Global Data Protection Regulation (GDPR) (CCPA
The platform has a variety of capabilities, including a data inventory tool to assist businesses keep track of the consumer data they have, a data mapping tool to help businesses understand how their data flows, and a data security tool to help businesses safeguard their data.
The Wirewheel platform may assist firms in managing and safeguarding their consumer data in addition to assisting them in adhering to data privacy laws.
What characteristics does the Wirewheel platform have?
The platform offered by Wirewheel has a variety of features, including a data inventory tool that aids businesses in keeping track of the customer data they possess, a data mapping tool that shows businesses how their data flows, and a data security tool that assists businesses in safeguarding their data.
The platform also has a number of tools that can be used by businesses to safeguard and manage their client data. These features include a tool for data retention that enables organisations to manage the duration for which customer data is kept, a tool for data deletion that enables organisations to get rid of customer data, and a tool for data security that enables organisations to safeguard their data.
What significance does data privacy have?
Many factors make data privacy crucial. First, firms must take steps to secure the personal data of their consumers in accordance with data privacy rules like the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).
Second, maintaining data privacy is crucial to safeguarding client information. Consumer information can be delicate, and if it ends up in the wrong hands, it could be used for identity theft or fraud.
Third, maintaining data privacy is crucial for an organisation’s reputation. An organisation’s reputation and ability to draw in and keep consumers may suffer if it is thought to be negligent with client data.
What advantages come with utilising the Wirewheel platform?
Using Wirewheel’s platform has a number of advantages.
First, the platform can assist firms in adhering to data privacy laws including the California Consumer Privacy Act and the Global Data Protection Regulation (GDPR) (CCPA).
The software can also assist businesses in managing and protecting their client data.
Third, by showcasing their dedication to data protection, the platform can help firms boost their reputation.
How does the platform of Wirewheel operate?
The platform from Wirewheel works by assisting businesses in cataloguing, mapping, and safeguarding their customer data.
Data inventory: The platform comes with a tool that assists businesses in keeping track of the client data they possess.
Data mapping: The platform provides a tool that aids organisations in understanding the flow of their data.
Protection: The platform has a data security solution that aids businesses in keeping their data safe.
What steps must I take in order to use the Wirewheel platform?
Using the Wirewheel platform involves the following four steps:
Inventorying all of an organization’s customer data is the initial stage. A data inventory tool is available on the platform that can be used for this.
Mapping: Mapping the data that an organisation possesses is the second phase. A data mapping tool is available on the platform that can be used for this.
Protection: Securing the data that an organisation has is the third phase. A data security tool that is part of the platform can be utilised for this.
Reporting: Reporting on the data that an organisation has is the fourth phase. There is a reporting function on the platform that can be utilised for this.
Your introduction to Wirewheel and the capabilities of their data privacy and security platform for businesses was the main goal of this essay.
