borneo

About borneo

Borneo is a data security platform that assists organizations in identifying, managing, and resolving data and AI governance risks to maintain continuous compliance. The company was established in 2019, initially under the name Securezapp, and is headquartered in San Francisco with a presence in Singapore.

The company was founded by Prithvi Rai, who currently serves as the CEO. His professional background includes senior leadership positions in engineering and security at prominent technology companies such as Uber, Facebook, and Yahoo!. This experience, dealing firsthand with the complexities of protecting massive data footprints and the consequences of data breaches, shaped the company's mission to help other businesses protect user data and build trust. Rai was motivated by the realization that the data security challenges faced by large tech corporations would eventually become mainstream for all tech companies. The leadership team also includes Chris Roberson as Chief Product Officer.

Borneo provides an AI-native data security platform designed for real-time observability and risk remediation. It operates on a business-to-business (B2B) model, serving technology firms, particularly high-growth companies in sectors like finance, healthcare, and consumer technology. The platform's revenue is generated through its suite of data security and privacy solutions. The company's core product helps clients discover sensitive data, including personally identifiable information (PII), financial data, and health records, across both structured and unstructured data sources in multi-cloud environments and SaaS applications. It utilizes machine learning-based classifiers to automatically identify and categorize this data. Key features include data security posture management, data loss prevention, data governance, and privacy management to help organizations comply with regulations like GDPR and HIPAA. The platform is designed to be agentless and modular, integrating with a client's existing technology stack. A significant differentiator is that private deployments ensure a client's data never leaves their own cloud environment. Borneo also offers a Breach Advisory Service, providing clients with expert guidance during security incidents.

Borneo has secured significant funding to support its growth. In September 2021, the company raised $15.5 million in a Series A round led by Vulcan Capital, with participation from Prosus Ventures, Lytical Ventures, and Wavemaker Partners, bringing its total funding to $18 million. In October 2022, Borneo acquired Pridatect, a legal services company, to enhance its privacy compliance capabilities.