HSBC CEO Noel Quinn. Photo credit: HSBC

Banking multinational HSBC has made a sizeable investment in Privitar, a London-based data privacy startup. As made known by a formal press release, HSBC invested $7 million in the company as an extension of its Series C round, adding up the Series C funding for Privitar to $87 million. HSBC is apparently a strategic investor and has also been a Privitar customer for four years running. Privitar develops tools to help enterprises secure and protect sensitive data from malicious activity. The London-based startup was founded in 2014. HSBC’s investment included, Privitar has now raised about $150 million in total funding since its inception.

Privitar has raised funding from a host of investors including well-known names like Accel, Citi, Salesforce Ventures, Accel, Partech, and Warburg Pincus. The company maintains regional offices in Boston and Singapore in addition to its headquarters in London.