An Atlanta based startup providing data privacy services is already worth more than a billion thanks to its latest successful funding round.
OneTrust raised $200 million in its Series A funding round, led by Insight Partners. The company is now valued at $1.3 billion in its third year in existence.
— OneTrust DataGuidance (@DataGuidance) July 11, 2019
OneTrust was launched in response to governments like California and Europe clamping down on companies to tighten up their security and privacy policies. The company provides management software to help companies assess their security and privacy needs, address them and provide transparency about their standards to customers to comply with increasingly complex security and privacy laws around the globe.
“It’s been an exciting three years at OneTrust with our customers partnering with us to define and build the most widely used technology platform in a completely new market,” says Kabir Barday, CEO and Fellow of Information Privacy at OneTrust, in a statement. “This investment will help us to bring a new level of scale and support for our customers, coming at a timely juncture with just six months before California’s CCPA [California Consumer and Privacy Act] is set to be enforced.”
Since 2016, OneTrust has accumulated more than 3,000 customers in over 100 countries, and has 1,000 employees in 8 locations around the world. It’s highest profile customers include Aetna, Steelcase, Oracle, Randstad and Allianz.