Fraud prevention co. Data Safeguard raises seed funding from Auxano Capital

Bengaluru-based Data Safeguard , a privacy management and fraud prevention startup, has raised a seed funding round from Auxano Capital.The funds raised will be used to accelerate business expansion, bolster research and development (R&D) efforts, and further enhance the firm’s AI-powered technology stack to support compliance with India’s Digital Personal Data Protection (DPDP) Act and combat synthetic fraud.Founded in 2022 by Sudhir Sahu, Data Safeguard offers advanced AI (artificial intelligence) and machine learning solutions to secure both structured and unstructured data. Its flagship products include ID-PRIVACY, ID-REDACT, and ID-MASK for data redaction and masking, alongside ID-AML and ID-FRAUD, to detect and prevent synthetic identity fraud.