- OneTrust recently announced it has raised $210 million in Series B funding led by Coatue and Insight Partners
OneTrust recently announced it has raised $210 million in Series B funding led by Coatue and Insight Partners. Following OneTrust’s $200 million Series A round of funding, this new round of funding brings the total investment to $410 million and the company valuation to $2.7 billion.
Organizations have been facing increased demands due to global privacy regulations like the California Consumer Privacy Act (CCPA), the EU’s GDPR, and Brazil’s LGPD. And creating privacy programs that responsibly use data while fulfilling global regulation requirements is a key priority for companies across the globe. Within the last four years, OneTrust has quickly emerged as the global leader in CCPA and global privacy technology to solve these global challenges, evidenced by the significant adoption of the OneTrust technology platform.
Some of the key Billtrust milestones include 5,000 customers (both big and small across 100 countries); nearly half of the Fortune 500 are OneTrust customers; 1,500 employees across 10 global offices; 75 patents issued by the United States Patent and Trademark Office; and expanded product offerings across OneTrust Privacy Management, OneTrust PreferenceChoice consent and preference management, OneTrust Vendorpedia third-party risk management, OneTrust GRC integrated risk management, and OneTrust Ethics compliance and ethics software.
“OneTrust plans to use the combined funding to continue to invest in meeting the widespread demand for our technology platform. We will scale our services, support, and partner ecosystem globally and add new capabilities to the platform through both organic and inorganic innovation.”
– OneTrust CEO and Follow of Information Privacy (FIP) Kabir Barday
“Kabir and his team have achieved a meteoric adoption of the OneTrust technology platform around the world and are leaders in the privacy technology space. We look forward to working with the talented OneTrust team to drive scale, further enhance their platform offerings, and capture the immense opportunities that continued regulatory adoption will create.”
– Thomas Laffont, co-founder of Coatue
“Our continued investment in OneTrust represents the value that businesses are placing on having the right tools to implement cost-effective and efficient privacy programs at scale. With CCPA now in effect and other privacy laws to follow suit, we are thrilled to continue our partnership with OneTrust to bring value and operational expertise from our Insight Onsite team to help OneTrust ScaleUp.”
– Richard Wells, Managing Director at Insight Partners