Bengaluru-based Indian deep tech start-up PrivaSapien has raised Rs 8 crore ($1 million) in a seed funding round led by the Omidyar Network India. 

With the latest round of funding, the company plans to bolster its product development and research. Additionally, it wants to accelerate its sales and marketing endevour in multiple countries. 

Founded by Abilash Soundararajan and Deepika Abilash, the company is a privacy engineering enterprise that helps companies to unlock data without violating the privacy of the user. The company caters to the business-to-business (B2B) market in India. Its product,  Privacy X-Ray is an audit tool, which assesses privacy risk in a dataset. 

Omidyar Network invested $2 million in home interior building start-up Mistry.Store in September 2022. 

Talking about the latest fundraising, Sundarajan, the chief executive officer (CEO), said, "With privacy regulations coming up across the world, there is a pressing need for privacy engineering solutions to unlock data from their silos and create value, without violating user privacy. We will be using the funds to ramp up our research and product development in this emerging field, along with accelerating our sales and marketing efforts in geographies with privacy regulations across the globe." 

"Given our ongoing focus on privacy tech as an investor, we are delighted to see the evolution of market-led models like PrivaSapien. The work that Abhilash and his team are doing will help businesses to enhance the privacy and safety of their customers in the digital economy. This is especially critical as more and more Indians come online. We are proud to partner with PrivaSapien who has taken on this mission through an innovation-first lens to help businesses adopt privacy-preserved data handling," Shilpa Kumar, partner of Omidyar Network, said.