Ethyca Inc.

Ethyca Inc. is a New York-based software platform specializing in data privacy solutions that help businesses comply with regulations like GDPR, CCPA, and LGPD. Founded in 2019 in New York, US, Ethyca Inc. provides a data privacy platform tailored for enterprises.

The founders, Cillian Kieran and Miguel Burger-Calderon, have backgrounds in technology and privacy. Ethyca has secured a total of USD 10. 00 mn in funding through 4 deals, with the latest round of funding occurring in December 2024, co-led by AXA Venture Partners and Aspenwood Ventures. The company’s current valuation stands at USD 16.

68 mn. Ethyca offers a comprehensive suite of data privacy solutions designed to facilitate compliance with various regulations such as GDPR, CCPA, and LGPD. Its core product, Fides, provides automated data mapping, consent management, and privacy request fulfillment, enabling organizations to efficiently manage their data privacy requirements. The platform streamlines the data workflow by ensuring that consent is accurately collected and preferences are applied across data processes, thereby minimizing manual intervention for engineering and compliance teams.

Ethyca's solutions are geared towards enterprises facing complex data privacy challenges, with a focus on optimizing operational efficiency and reducing risks associated with data management. The company primarily serves a diverse array of businesses across multiple sectors, including technology, finance, and healthcare, with a strong presence in North America and Europe. Ethyca generates revenue through a subscription-based model, providing its clients with access to its data privacy solutions. The transaction structure typically involves B2B partnerships, where enterprises subscribe to the Fides platform to enhance their data privacy capabilities.

Clients are billed on a recurring basis, with pricing tiers potentially varying based on the scale of usage and the specific features included in the subscription. Ethyca’s flagship product, Fides, is central to its revenue generation, as it equips organizations with the tools necessary for compliance and efficient data management. This subscription model allows Ethyca to establish long-term relationships with its clients, fostering ongoing support and product enhancements in response to evolving regulatory landscapes. In December 2024, Ethyca Inc.

raised USD 10 mn in venture funding, which will be utilized to support business expansion and strengthen partner collaborations. The company plans to enhance its product offerings and explore entry into new geographic markets, focusing on regions such as Europe and Asia by 2025. These initiatives aim to further solidify Ethyca's position in the data privacy sector and respond to increasing global demand for compliance solutions.