Data Safeguard, a Bengaluru-based privacy management and fraud prevention startup, has raised its seed funding round from Auxano Capital.
The funds raised will be strategically deployed to accelerate its business expansion initiatives, significantly bolster its research and development efforts, and further enhance its AI-powered technology stack to support compliance with India’s Digital Personal Data Protection (DPDP) Act and combat synthetic fraud.
Sudhir Sahu, Founder and CEO of Data Safeguard, said, “Privacy Management and Fraud Prevention have become critical concerns for businesses in today’s digital landscape. Auxano Capital’s investment will enable us to expand our footprint and enhance our AI-driven technology stack to address these growing challenges.”
Brijesh Damodaran, Co-founder of Auxano Capital, said, “Data Safeguard is building essential digital infrastructure for trust and compliance. We’re proud to support their mission.”
Founded in 2022 by Sudhir Sahu, Data Safeguard offers advanced AI and machine learning solutions to secure both structured and unstructured data. Its flagship products include ID-PRIVACY, ID-REDACT, and ID-MASK for data redaction and masking, alongside ID-AML and ID-FRAUD, to detect and prevent synthetic identity fraud.
Data Safeguard’s solutions are currently utilized by a diverse range of organizations, including banks, fintech companies, hospitals, e-commerce platforms, government entities, and cloud service providers, to ensure robust data protection and adherence to regulatory requirements.
