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Dive Brief:Osano, provider of a data privacy management platform, raised $25 million in a Series B funding round as the company seeks to expand its footprint in the growing industry, the company announced Thursday. The funding boost will allow the Austin, Texas-based startup — whose platform is designed to help companies ensure compliance with data privacy requirements across legal jurisdictions — to beef up multiple departments, including engineering, product development and sales, among other initiatives, according to a press release. Instead, companies in the U.S. face a patchwork of privacy laws and regulations at the federal and state levels. In addition, global companies may need to comply with overseas privacy laws such as the European Union’s General Data Protection Regulation. The global data privacy software market size was valued at about $2 billion last year and is projected to reach $30.31 billion by 2030, the study said.