March 30, 2020

OneTrust – $210 Million

Atlanta, Ga; 2/21/20

Amount Funded: $210 Million

Type: Series B

Lead Investor: Coatue Management

Participating Investor(s): Insight Partners

Total Funding to Date: $410 Million

Company Description: OneTrust is the #1 most widely used privacy, security and trust technology platform used by more than 5,000 companies to comply with the CCPA, GDPR, ISO27001 and hundreds of the world’s privacy and security laws.

What funding will be used for:

“This new round of funding ensures OneTrust is well-resourced to be the platform of choice across privacy, security and trust use cases. We will invest heavily in our support and partner ecosystem to help customers maximize their investments in OneTrust, as well as rapidly innovate with new capabilities in the platform, through both organic growth as well as inorganic acquisitions.”

Quotes:

“OneTrust plans to use the combined funding to continue to invest in meeting the widespread demand for our technology platform. We will scale our services, support and partner ecosystem globally and add new capabilities to the platform through organic and inorganic innovation.”

-Kabir Barday, CEO and Follow of Information Privacy, OneTrust

Notes:

  1. OneTrust’s valuation is now over $400 million, according to the company.
  2. OneTrust’s has 5,000 customers as of 2/21/20 including Aetna, Oracle and Alianz.

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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