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Kabir Barday, OneTrust CEO and Follow of Information Privacy (FIP), said, "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 both organic and inorganic innovation."
Fremont, CA: OneTrust, a privacy management software company, closed a $210 million Series B round of financing. The round was led by Coatue and Insight Partners. After Series A and Series B funding, the company has raised a total sum of $410 million, and it is now valued at $2.7 billion.
Kabir Barday, OneTrust CEO and Follow of Information Privacy (FIP), said, "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 both organic and inorganic innovation."
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The global privacy regulations, such as the California Consumer Privacy Act (CCPA), the EU's GDPR, and Brazil's LGPD have increased the demands associated with privacy management. OneTrust, with over 5000 companies as customers that comply with the CCPA, GDPR, ISO27001, and hundreds of the world's privacy and security laws, is a widely used privacy, security, and trust technology platform. Creating privacy programs that responsibly use data while abiding global privacy regulations is a mission for companies across the globe.
OneTrust's primary offerings include: OneTrust Privacy Management Software, OneTrust Vendorpedia Third-Party Risk Management Software and Cyber Risk Exchange, OneTrust PreferenceChoice Consent, and Preference Management Software, OneTrust GRC Integrated Risk Management Software, OneTrust Ethics compliance and ethics software. Within four years, One Trust has emerged as a prominent name in CCPA and global privacy technology to solve challenges regarding privacy management. Significant adoption of the OneTrust technology platform speaks for its worldwide achievement. OneTrust's products will be up for demo at RSA conference 2020.
"Our continued investment in OneTrust represents the value that businesses are placing on having the right tools to implement cost-effective and efficient privacy programs at scale. With CCPA now in effect and other privacy laws to follow suit, we are thrilled to continue our partnership with OneTrust to bring value and operational expertise from our Insight Onsite team to help OneTrust ScaleUp," remarked Richard Wells, Managing Director at Insight Partners.
see also: Top Fraud and Breach Protection Solution Companies
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