Data privacy compliance startup CYTRIO has raised $3.5 million in seed funding to address mid-sized companies’ challenges of meeting increasing data privacy regulations. CYTRIO has secured funding from angel investors and institutional seed investors, including Dreamit Ventures, Food Retail Ventures, and Rockwood Group.
The raise also included CYTRIO’s founding team, industry experts with 50 years of collective data, privacy and security experience, including Vijay Basani, Chief Executive Officer; Pankaj Parekh, Chief Privacy Officer; and Darshan Joshi, Chief Technology Officer.
“Our mission to deliver an easy-to-deploy SaaS privacy rights management solution will help mid-market enterprises swiftly and cost-effectively comply with data privacy regulations with minimal resources. We are leveling the playing field for mid-sized enterprises to compete and thrive in the data-driven digital economy, where consumers have control of their private, personal information (PI),” said Vijay Basani, Founder and CEO of CYTRIO.