Today we are proud to announce our $300 million Series C funding round at a valuation over $5 billion! In the last 18 months, we’ve raised $710 million to build the platform of trust across privacy, security, data governance, and ethics and compliance. Our new investor TCV led the round, and our existing investors Insight Partners and Coatue also joined the funding.
Update: In April 2021 we announced a $210 million Series C extension adding new investors SoftBank and Franklin Templeton, bringing the round to $510 million and valuation to $5.3 billion.
OneTrust is built to last, and even with most of our previously raised funds still available, this new round gives us both the capital and currency to continue to execute on our mission to build the technology platform of trust.
2020 brought years’ worth of digital transformation into just a few months. While companies moved fast to deliver to the changes of the year, they also need to meet the demand and expectations of their employees around privacy, ethics, transparency, and trust.
Beyond that, privacy laws like the California Consumer Privacy Act (CCPA) and Brazil’s Lei Geral de Proteção de Dados (LGPD) took effect and many others were passed or continue to move across legislation.
In fact, Gartner predicts 65% of the world’s population will be covered under modern privacy regulations by 2023, compared to just 10% today. With these trends and laws, trust software has been placed as a high priority for organizations everywhere.
OneTrust sits at the epicenter of trust for organizations, enabling strong privacy, security, data governance, and ethics and compliance practices that underpin this digital transformation. This builds the foundation for organizations to establish trust with not only their employees but their customers as well.
Founded in 2016, OneTrust is the largest and most widely used privacy, security, and governance technology and on the #1 spot on the 2020 Inc. 500 list of fastest-growing private companies. Our 7,500 customers – including more than half of the Fortune 500 – are supported by our 1,500 employee base across 12 global offices. We’ve been awarded 130 patents, and grown our products into industry leaders, with nearly all our product lines earning a leadership position in key analyst reports.
Emphasizing the pillars of privacy, security, data governance, ethics, and compliance, OneTrust’s product line includes:
Thank you to our customers, partners, and employees. You’ve trusted your privacy, security, and data governance programs with us. You’ve given us great product feedback and shared your best practices with our community network. You’ve made our technology better, and we couldn’t do it without you.
And if you’re not a OneTrust customer yet, request a demo to learn how to be a more trusted organization with OneTrust.