Illustration: Eniola Odetunde/AxiosData compliance platform Transcend has raised a $40 million Series B round led by StepStone Group, the startup exclusively shared with Axios. Why it matters: The new funding round will help the startup compete against legacy data privacy tools from OneTrust and others. Data privacy and identity management has proven to be one of the most stable outlets for cyber investors, despite an unpredictable macro environment.Zoom in: Transcend has expanded in recent year...