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Privacy Startups Gain Funding Support

ONLINE PRIVACY

June 21, 2010

Venture capitalists are seeing the value of investing in privacy-related startups--to the tune of millions of dollars, The Wall Street Journal reports. Among recently funded startups such as ReputationDefender and SafetyWeb and former nonprofit Truste, a key focus is giving consumers tools to defend their privacy, the report states. Those three companies alone have raised about $35 million in new venture funding, according to the report. "Privacy is a big issue and it's going to get bigger because people realize it can be used against you," said Ted Schlein, a venture capitalist at Kleiner Perkins and a ReputationDefender board member. "That spells market opportunity." (Registration may be required to access this story.)
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