Investment Memo · Root Ventures
Why the firm invested
Becoming the first privacy plugin in the Snowflake partner program could fill Privacy Dynamics' initial pilot customer cohort immediately.
Snowflake’s plugin partners program currently contains no privacy plugins . That’s going to change. If Privacy Dynamics gets there first, I think that fills their entire pilot customer cohort in the first month.
Product
Privacy Dynamics provides a solution for enterprise data privacy through intelligent anonymization.
Privacy Dynamics is a solution for data privacy through intelligent anonymization.
Privacy Dynamics deploys inside a customer's data warehouse, VPC, or on-premise environment to simplify deployment and maintenance.
Deployed inside a customer’s data warehouse - VPC, or on-prem, Privacy Dynamics also seeks to simplify deployment of these algorithms and maintenance of these services.
Investment context
Privacy Dynamics sought $3.5M in funding, which became oversubscribed.
Seeking $3.5M ( Hindsight note: oversubscribed and blew past this target. )
What founders can learn
- What actually moved the decision: Root Ventures wrote that Becoming the first privacy plugin in the Snowflake partner program could fill Privacy Dynamics' initial pilot customer cohort immediately.
Source and provenance
Investment Memo published by Root Ventures on github.com. Read the original
