New York-based privacy company Dashlane has secured $110 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 30 and financed by Sequoia Capital.
According to its Crunchbase profile, "Dashlane is a password manager and digital wallet, designed to make identity and payment simple and secure. Dashlane's password manager helps you simplify and secure your digital identity — all your personal information that lives online. Available across all platforms and devices, the intuitive Dashlane app automatically fills and stores passwords, personal data and payment details with its patented security architecture."
The 10-year-old company has raised seven previous funding rounds, including a $30 million debt financing round earlier this year.
The round brings total funding raised by New York companies in privacy and security over the past month to $145 million, an increase of $66 million from the month before. The local privacy and security industry has seen 50 funding rounds over the past year, capturing a total of $1.1 billion in venture funding.
In other local funding news, life science and telecommunications company DataArt announced a funding round on May 29.
According to Crunchbase, "DataArt is a global technology consultancy that designs, develops and supports unique software solutions, helping clients take their businesses forward. Recognized for their deep domain expertise and superior technical talent, DataArt teams create new products and modernize complex legacy systems that affect technology transformation in select industries. DataArt has earned the trust of some of the world’s leading brands and most discerning clients, including Nasdaq, S&P, oneworld Alliance, Ocado, artnet, Betfair and skyscanner."
Founded in 1997, the company has raised two previous rounds, including an $8.5 million round in 2018.
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