OneTrust Raises $210M in Series C Extension Round

OneTrust, an Atlanta, GA- and London, UK-based enterprise platform to operationalize Privacy, Security & Data Governance, raised a $210m Series C extension round.

The round, which brings the Series C round to $510m and total funds raised to $920m, was led by new investor SoftBank Vision Fund 2 with participation from Franklin Templeton.

SoftBank Vision Fund 2’s investment added a strategic geographical position in¬†Japan¬†as market demands accelerate in¬†Asia Pacific¬†and across the globe.¬†

Led by Kabir Barday, CEO, OneTrust enables companies to operationalize privacy, security, data governance, ethics and compliance, GRC, third-party risk, and ESG through agile, centralized workflows. More than 8,000 companies, including more than half of the Fortune 500, use the company’s solutions to manage the complex patchwork of privacy regulations, security requirements, ethics and compliance frameworks, and sustainability initiatives.

Recently, OneTrust announced¬†plans to acquire¬†ethics and compliance company Convercent and¬†added¬†DocuVision’s Redacted.ai automated data redaction solution into the platform.

The company, which has a team of 1,500 employees, is co-headquartered in Atlanta and London with additional offices in Bangalore, Melbourne, Seattle, San Francisco, New York, São Paulo, Munich, Paris, Hong Kong, and Bangkok.

FinSMEs

08/04/2021