Log In

Reset Password

Trunomi funding round raises $3.5m

Bermudian technology start-up Trunomi has raised $3.5 million from investors to fund its expansion.

CloudScale Capital Partners, a venture capital firm based in California's Silicon Valley, said today that it participated in Trunomi's latest round of financing.

Trunomi, a provider of customer consent and data rights and privacy software solutions, will use the financing to help manage the rapid increase in demand for its technologies and to continue its global expansion.

“Customer data rights and privacy are quickly becoming major issues of concern for companies, especially financial institutions, due to new regulations such as EU GDPR, UK Open Banking and marketing opportunities,” said Kim Perdikou, CloudScale partner.

“Trunomi enables businesses to comply with these new regulations by demonstrating compliance and accountability in customer data use and immutably proving the legal basis of processing.

“With Trunomi, businesses can empower their customers with control and transparency in how their data is used and turn regulation from a burden into a competitive advantage.”

Stuart Lacey, Trunomi's CEO, said: “We are thrilled that CloudScale Capital Partners are part of this financing.

“CloudScale brings significant strength to our investor base, and its partners bring with them a wealth of industry connections with the largest players in the global customer and data markets.”

Trunomi was one of the winners at the Global Fintech Hackcelerator event in Singapore last November.

Funding round: Trunomi has raised $3.5 million from investors including venture capital firm CloudScale Capital Partners

You must be Registered or to post comment or to vote.

Published February 06, 2018 at 2:40 pm (Updated February 06, 2018 at 2:40 pm)

Trunomi funding round raises $3.5m

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon