Draft:Privacy Tools
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| Company type | Private |
|---|---|
| Industry | Software |
| Founded | 2019 |
| Founder | Aline Deparis, CEO.[1] |
| Headquarters | Porto Alegre, Rio Grande do Sul |
| Products | Privacy and compliance software |
Number of employees | 70 |
| Website | www.privacytools.com.br |
Privacy Tools is a provider of privacy and data governance software, headquartered in Porto Alegre, Rio Grande do Sul, Brazil. The establishment of the company was prompted by the burgeoning need for compliance with the increasing number of internet privacy regulations and laws within Brazil. In 2023, the company experienced significant growth, doubling its size and surpassing a market valuation of R$ 100 million. This achievement marks a notable point in its history, which spans over four years in the industry[2]. According to sources including Istoé, Privacy Tools has emerged as a prominent entity in the Brazilian market, providing solutions tailored to the General Data Protection Law (General Personal Data Protection Law)[3]
History
Despite its international-sounding name, Privacy Tools is firmly rooted in Brazil. It was founded with the objective of helping companies adhere to the General Data Protection Law (LGPD), which has been mandatory in Brazil since 2020. The company leverages advanced technologies such as blockchain and artificial intelligence to fulfill this mission efficiently. Aline Deparis, the CEO of Privacy Tools, has stated that the company was conceived with the goal of "providing technology with purpose." This ethos is manifested in their privacy management solutions, which are equipped with modules adaptable for a wide array of market sectors. These solutions are designed to ensure compliance not only with Brazil's LGPD but also with international regulations such as the European GDPR. Since the company's launch, it has witnessed exponential revenue growth, reporting increases of 661% in 2021, 300% in 2022, and 100% in 2023. Currently, Privacy Tools serves over 700 companies and boasts a market valuation of R$ 100 million, as reported by Deparis.[4]
In 2022, the platform received R$ 2 million[5] from the venture capital firm Bossanova, specializing in pre-seed investments for startups, and also secured funding from the management firm Domo Invest.
The solutions provided by Privacy Tools are utilized by several of Brazil's leading corporations, including Linx[6], Copel[7], FIEMG[8], and Rede D'Or[9]. These partnerships reflect the platform's effectiveness in addressing compliance needs related to the General Data Protection Law (LGPD) across various sectors.
Products
Privacy Tools specializes in business to business privacy, data governance,GRC, ESG, privacy compliance software.[2]
References
- ^ "'Without fear of failure: how life on the farm helped executive Aline Deparis run two technology companies". Forbes.
- ^ a b SC, Redação Economia (2023-11-28). "Empresa ultrapassa R$ 100 milhões de valor do mercado e investe em IA". Economia SC (in Brazilian Portuguese). Retrieved 2024-03-11.
- ^ "Confira dicas para proteger dados pessoais e de empresas". ISTOÉ Independente (in Brazilian Portuguese). 2024-03-05. Retrieved 2024-03-11.
- ^ "Uma startup que une a IA à LGPD". IstoÉ Dinheiro (in Brazilian Portuguese). 2023-11-26. Retrieved 2024-03-11.
- ^ "Privacy Tools recebe aporte de R$ 2 milhões de Bossanova e Domo". Exame (in Brazilian Portuguese). 2022-02-10. Retrieved 2024-03-11.
- ^ "Linx: adequação à LGPD com Privacy Tools". Baguete (in Brazilian Portuguese). Retrieved 2024-03-11.
- ^ "Copel: adequação à LGPD com Privacy Tools". Baguete (in Brazilian Portuguese). Retrieved 2024-03-11.
- ^ "FIEMG: adequação à LGPD com Privacy Tools". Baguete (in Brazilian Portuguese). Retrieved 2024-03-11.
- ^ "Rede D'Or implanta projeto de LGPD utilizando soluções da Privacy Tools". Privacy Tech - Portal sobre privacidade e proteção de dados (in Brazilian Portuguese). 2020-09-24. Retrieved 2024-03-11.