With growing demand, the firm just scored a $25 million funding round led by Index Ventures and Accel, the company tells Forbes. It comes at a time when recent breaches have diminished consumer faith that their online data is secure. The latest funding round follows a $4 million seed funding round led by venture firm Accel last year. Transcend found a captive audience in Index, which has increasingly focused investments in data privacy and security firms. The heightened demands for better data privacy and security have been a long time coming, says Goldberg.

Source: Forbes June 10, 2020 11:00 UTC