Significant demand for OneTrust’s CCPA and privacy technology fuels growth past 5,000 customers, brings total funding to $410m
Leading up to RSA Conference 2020, OneTrust announced a $210 million Series B funding led by Coatue and Insight Partners. Following OneTrust’s $200 million Series A, the new round brings the total investment to $410 million and valuation to $2.7 billion.
Organizations are facing increased demands due to global privacy regulations like the California Consumer Privacy Act (CCPA), the EU’s GDPR, and Brazil’s LGPD. Creating privacy programs that responsibly use data while fulfilling global regulation requirements is a key priority for companies across the globe. In under four years, OneTrust has quickly emerged as the global leader in CCPA and global privacy technology to solve these global challenges, evidenced by significant adoption of the OneTrust technology platform. Key milestones include:
* 5,000 customers, both big and small across 100 countries
* Nearly half of the Fortune 500 are OneTrust customers
* 1,500 employees across 10 global offices
* 75 patents issued by the United States Patent and Trademark Office
* Expanded product offerings across OneTrust Privacy Management, OneTrust PreferenceChoice consent and preference management, OneTrust Vendorpedia third-party risk management, OneTrust GRC integrated risk management and OneTrust Ethics compliance and ethics software
* Forrester analyst firm named OneTrust a Leader in The Forrester New Wave: GDPR and Privacy Management Software, Q4 2018
* Gartner analyst firm positioned OneTrust Vendorpedia as a “Leader” in the 2019 Magic Quadrant for IT Vendor Risk Management Tools
* OneTrust’s CEO named a 2019 EY Entrepreneur of the Year Award winner in the United States
“OneTrust plans to use the combined funding to continue to invest in meeting the widespread demand for our technology platform,” said Kabir Barday, OneTrust CEO and Fellow of Information Privacy (FIP). “We will scale our services, support, and partner ecosystem globally and add new capabilities to the platform through both organic and inorganic innovation.”
