OneTrust Raises $150 Million From VCs, Al Gore's Firm
The privacy software startup’s valuation fell to $4.5 billion as private market malaise lingers.
Privacy management software startup OneTrust has raised $150 million in a funding round led by Al Gore’s Generation Investment Management, the startup plans to announce this week.
The deal values the company at $4.5 billion, a high valuation — but still about 18% less than it was during its last funding round in 2021. That lower valuation means OneTrust is the latest in a growing list of unicorns to accept a so-called down round in a historically tight funding environment.