kindrik partners advises privacy platform borneo on US$15.5m series A round
We’re pleased to have advised Borneo, a Singapore-based data security platform, on their recent US$15.5m Series A round. The round was led by Vulcan Capital and existing investor Wavemaker Partners. Other participants in the round include Prosus Ventures and Lytical Ventures.
Borneo provides a suite of tools to identify sensitive and high-risk personal information through machine learning and APIs. These solutions integrate with existing tools and workflows and are targeted at technology firms that want to strengthen their privacy compliance.
The company was founded in 2020 by former Facebook and Uber exec Prithvi Rai. His elite team has tackled and solved privacy challenges at the likes of Facebook, Dropbox, Uber, and Yahoo!. The startup intends to use the funds to invest in its platform and to meet its rapidly growing customer demand.
Prithvi Rai, CEO & Founder of Borneo says, “Borneo is fast becoming the guardrails for the new data economy. We can prevent data leaks and privacy violations that can result in multi-million dollar fines and erode end-user trust.”
Chris Wilson, Partner at Kindrik Partners says, “It is always exciting to working with a accomplished founder like Prithvi, especially in an area like personal privacy which is of such critical importance to modern businesses.”
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