DataGrail Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2024
Data privacy company transforming how brands manage data privacy joins the ranks of Nvidia, YouTube, OpenAI, Canva and more
SAN FRANCISCO, March 19, 2024--(BUSINESS WIRE)--Today DataGrail, a leader in data privacy, celebrates being named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024. The company secured the #4 spot on the list in the Security category for its leadership in data privacy.
This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. These organizations are setting new standards and achieving remarkable milestones in all sectors of the economy. Alongside the World's 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions.
"DataGrail believes first and foremost that privacy is a human right, and that data privacy will be a defining issue of this decade. Never has this mission been more important. New technologies like generative AI push boundaries of how personal data can be used, and a lack of federal privacy regulation opens the door for personal information to be misused," said Daniel Barber, DataGrail CEO and Co-founder. "Everything we do is about protecting that right so that consumers can trust the companies with which they choose to do business and share information. We are honored that Fast Company recognizes our efforts to help brands continue innovating while simultaneously partnering with them to protect the right to privacy."
DataGrail was named to the list in part due to its work in educating companies about the data privacy risks posed by generative AI and how to overcome them while still getting the benefits of transformational technology. DataGrail partnered with customers to help devise their own Generative AI Responsible Use Policies to safeguard consumers’ right to data privacy. It also created a playbook that guides any company in developing policies for the safe usage of generative AI. This framework is flexible enough to adapt to evolving business and consumer needs. When implemented and communicated, it establishes trust amongst consumers who know their privacy comes first.
As eight out of ten Americans expect to have control over how their data is used by a business, DataGrail also makes it simple for organizations to fulfill privacy requests so that brands can honor consumer wishes and preferences, whether a consumer lives in a state with a data privacy protection law on the books or not. DataGrail partners with brands on their data privacy journey to minimize risk, stay a step ahead of consumer and employee expectations, and save increasingly scarce resources. DataGrail streamlines the steps it takes a person to submit a privacy request, and then automates the process on the backend for businesses, ensuring no request goes unanswered.
In today's digital era, data privacy is no longer a nice-to-have but a must-have for brands that want to build trust with consumers and employees. Brands that fail to meet expectations risk severe consequences, including damage to the brand's reputation, losing loyal customers, legal action, and financial losses. Unlike other solutions that sacrifice depth for breadth, DataGrail's platform goes deep on data privacy. The world's most trusted brands rely on DataGrail to guide them on their data privacy journey.
The World's Most Innovative Companies stands as Fast Company's hallmark franchise and one of its most anticipated editorial efforts of the year.
Fast Company's editors and writers identified the companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world.
"Our list of the Most Innovative Companies is both a comprehensive look at the innovation economy and a snapshot of the business trends that defined the year," said Fast Company editor-in-chief Brendan Vaughan. "We saw extraordinary innovation across the board in 2023, but we also saw a handful of clear patterns: the growing footprint and impact of AI, the triumphant return of live events, and great leaps forward in climate tech. We face daunting challenges on many fronts, but the solutions we celebrate in MIC give me plenty of hope about the future."
Fast Company’s Most Innovative Companies package is available online, as well as in-app form via iTunes, and on newsstands beginning March 26. The hashtag is #FCMostInnovative.
About DataGrail
DataGrail is the data privacy company for this era. We help brands minimize risk, stay a step ahead of consumer and employee expectations, and safeguard their reputation. Our complete, enterprise-grade data privacy platform is powered by patented Risk Intelligence technology that detects shadow IT and makes vulnerable data visible so brands can proactively manage risk. Leveraging responsible automation at scale and the largest integration network in data privacy, DataGrail automates privacy workflows across systems to perform risk assessments, accelerate data subject request (DSR) fulfillment, and optimize resources.
Headquartered in San Francisco, the world’s most trusted brands partner with DataGrail on their data privacy journey, including Salesforce, FanDuel, Dexcom, Databricks, Instacart, amongst others. DataGrail is backed by leading VCs and strategic investors, including Third Point Ventures, Felicis Ventures, Next47, Cloud Apps Capital Partners, Operator Collective, HubSpot, Okta Ventures, and American Express Ventures. Visit www.datagrail.io or follow DataGrail on Twitter and LinkedIn to learn more.
ABOUT FAST COMPANY
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
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