OneTrust – a market-defining leader for trust intelligence – recently announced a $150 million funding round. This funding round will bolster OneTrust’s continued growth to meet customer demand for trust intelligence software. The funding round was led by new investor Generation Investment Management with participation from existing investor Sands Capital, bringing the total funds raised to date to over $1 billion with a current $4.5 billion valuation.
This latest funding round comes as OneTrust reaffirms its leadership position in the privacy market. And the company recently ranked number one in worldwide market share for data privacy software for the fourth consecutive year, according to IDC’s Worldwide Data Privacy Compliance Software Market Shares report, “OneTrust Continues to Hold its Large Lead Over the Market.”
The company goes beyond data privacy to provide a holistic approach to trust. And as trust becomes a critical determinant of business success, the Trust Intelligence Platform is the single solution organizations use to manage trust across stakeholder demands of privacy, security, ethics, and ESG. This is driven by extensive research and real-time regulatory intelligence across hundreds of jurisdictions, making it easier for companies to understand and adapt to regulatory requirements.
Generation Investment Management joins OneTrust’s existing investors, including Insight Partners, Coatue, TCV, Sands Capital, and Franklin Templeton.
KEY QUOTES:
“Our solutions have never been more mission-critical. In the face of changing regulations and new business initiatives like AI, organizations need the technology to drive trust to the center of their operations and manage the complex web of privacy, security, ethics, and ESG requirements. We are focused on delivering strong customer experiences and will continue to evolve our platform as our customers’ needs grow. This funding is a testament to our sustained growth, market leadership, and customer-centric innovation. We are pleased to be working with Generation.”
— Kabir Barday, founder, CEO, and chairman of OneTrust
“While critical to driving economic and sustainability progress, the proliferation of data comes with a host of unintended negative consequences, including data privacy and security issues. With OneTrust’s software, companies can protect sensitive data and manage the increasing volume and complexity of regulatory issues. This investment demonstrates our confidence in the company’s vision, leadership, and ability to execute. We are excited to be partnering with OneTrust to make it easier for organizations around the world to demonstrate trust.”
— Joy Tuffield, partner at Generation Investment Management
“The data privacy compliance market continues to experience significant growth amidst increased regulatory activity. OneTrust continues to lead the market forward and capitalize on this emerging market. We are still in the early stages of this market, but it is poised for longevity.”
— Ryan O’Leary, research director, Privacy and Legal Technology at IDC
