Odaseva, a San Francisco, CA-based Enterprise Cloud Trust Platform for organizations with business-critical cloud deployments, raised $25m in Series B funding.
The round, which brought total funding to $40m, was led by Eight Roads Ventures with participation from new investor F-Prime Capital as well as participation from existing investors Partech, Salesforce Ventures, and Serena.
The company will use the funds for:
- Further development of its core Enterprise Cloud Trust Platform offering, supporting platforms including Salesforce, Microsoft 365, and more;
- Accelerated hiring in its San Francisco, Sydney, and Paris offices;
- Increased investment in ecosystem of users and partners, extending long-standing commitment to developing and teaching the best practices of enterprise cloud data protection
Launched in 2012 and led by CEO Sovan Bin, Odaseva partners with organizations to accelerate their trust in business-critical cloud applications. Fortune Global 500 industry leaders use Odaseva technology to back up and restore data, ensure data privacy and regulatory compliance, and use data to drive operational agility. Engineered for Salesforce by Salesforce experts and endorsed by Salesforce Ventures, Odaseva is used by 30+ million users.
Over the past two years, the company doubled its headcount and added leading enterprises such as Dropbox, Boston Scientific, and Manulife to a customer list that includes Heineken, Schneider Electric, Robert Half, Toyota, and many other Fortune Global 500 companies.