The California Consumer Privacy Act is fast approaching. The landmark privacy law, known as CCPA, goes into effect Jan. 1 and changes the way businesses collect information about California residents, similar to GDPR in Europe.
Seattle startup Integris is riding this trend with software that helps companies manage personal information data and meet compliance mandates. A new SEC filing reveals that the company just raised another $3 million.
Investors in this round include existing backers Workday Ventures, Madrona Venture Group, Amplify Partners, and Aspect Ventures, which led an earlier $10 million round last year.
"This funding round will help Integris Software meet the accelerating demand to help more customers prepare for the CCPA deadline, have a real-time understanding of their data, and be ready to respond quickly and confidently to Data Subject Requests to remain in compliance with regulations," said Integris CEO Kristina Bergman.
Integris' goal is to help companies set up best practices in data privacy. The 30-person company uses machine learning and other technology to map a company's sensitive data, apply regulatory obligations, and automate actions like encryption and deletion. Integris, which opened a second office in Vancouver, B.C. earlier this year, has raised $16 million to date.
A recent study found that companies could spend up to $55 billion in initial compliance costs for CCPA.
Bergman, previously a principal at Ignition Partners and a manager at Microsoft, co-founded Integris with Raghu Gollamudi, who is now CTO. Former CTO and co-founder Uma Raghavan moved to an advisory role; another co-founder, veteran entrepreneur Frank Martinez, is no longer with the company.
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