Odaseva, a leading enterprise data security platform for Salesforce, announced $54 million in Series C funding, bringing the total company funding to over $90 million. Silver Lake Waterman led the round with participation from existing investors F-Prime, Eight Roads and Serena Capital, and new investors Eurazeo and Crescent Cove.
The funding comes following several marquee new customer wins across industries and geographies and will support further growth, including additional investment into data security and Zero Trust product offerings. And enterprises worldwide are digitizing more strategic processes, including assets containing sensitive data with high demand for confidentiality, integrity, and availability – further driven by AI and compliance standards.
Odaseva is the trusted Salesforce enterprise data security platform securing over 100 million users for customers worldwide, including a growing number of Global Fortune 500 companies. And Odaseva’s platform enables Salesforce end-to-end encryption, optimizing Salesforce availability up to 99.99%, and delivers a sophisticated Salesforce Recovery Point and Time Objective (RPO/RTO).
The Series C funding round will accelerate Odaseva’s leading product development and investment into deepening levels of global reach, including additional resources for North America, Europe and Asia Pacific. And Odaseva will continue to hire top talent at the executive level, following the recent additions of Steven Corbin, Chief Financial & Operating Officer, Matthew Johnston as Chief Revenue Officer, and Susan Lansing as Chief People Officer.
KEY QUOTES:
“Data sits at the core of large organizations, so we know trust with our customers is more important than ever before. We’re proud that Odaseva’s commitment to data security exceeds the requirements of even the most complex, highly regulated businesses in the world. This round of funding will help to accelerate our growth into new markets and keep us at the forefront of innovation in the space.”
- Sovan Bin, CEO and Founder of Odaseva
“The Odaseva team has built a leading data resiliency platform for the Salesforce ecosystem that provides security and continuity solutions for mission critical applications. Sovan and the Odaseva leadership team have a solid track record of building value and trust with global enterprise customers and we are excited to partner with the team and help drive further growth.”
- Shawn O’Neill, Managing Director and Group Head of Silver Lake Waterman
