Real-Time Data Security Pioneer Borneo Raises $15+ million in Series A

Singapore-based real-time data security and privacy observability platform Borneo has raised $15.5 million in its Series A round. Vulcan Capital led this round of funding with participation from Prosus Ventures, Lytical Ventures, and existing investors Wavemaker Partners.

The company has raised $18 million in total funding to date. The company is planning to use the fresh funding to invest in its technology platform and meet the growing customer demand.

Tommy Teo, Head of Southeast Asia at Vulcan Capital, said, "Borneo’s best-in-breed solutions urgently address today’s data visibility, security, and proactive privacy management problems at speed and at scale. Borneo’s customers – both practitioners and business leaders alike – value the visibility and confidence that informed decision making and proactive remediation can bring to their data security postures and platforms."

Borneo was founded in 2019 and provides a developer-first suite of tools to identify high-risk and sensitive personally identifiable information (PII) through ML techniques and open APIs. Borneo's approach integrates with the existing tools and workflows, which allows companies to achieve privacy compliance by building a solid data security foundation. The company has a team with over 100 years of combined experience.