Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Endpoint //

Privacy

2/24/2020
06:50 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

OneTrust Raises $210M in New Funding

New round brings total investment to $410 million and valuation to $2.7 billion.

FEB. 20, 2020 – ATLANTA – Leading up to RSA Conference 2020, OneTrust today announced a $210 million Series B funding led by Coatue and Insight Partners. Following OneTrust’s $200 million Series A, the new round brings the total investment to $410 million and valuation to $2.7 billion.

Watch the video: Kabir Barday, CEO and Blake Brannon, CTO, discuss OneTrust’s rise to a $2.7 billion-valued leader in CCPA and privacy management software

Organizations are facing increased demands due to global privacy regulations like the California Consumer Privacy Act (CCPA), the EU’s GDPR, and Brazil’s LGPD. Creating privacy programs that responsibly use data while fulfilling global regulation requirements is a key priority for companies across the globe. In under four years, OneTrust has quickly emerged as the global leader in CCPA and global privacy technology to solve these global challenges, evidenced by significant adoption of the OneTrust technology platform. Key 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

·       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

·       Forrester analyst firm named OneTrust a Leader in The Forrester New Wave™: GDPR and Privacy Management Software, Q4 2018

·       Gartner analyst firm positioned OneTrust Vendorpedia as a "Leader" in the 2019 Magic Quadrant for IT Vendor Risk Management Tools

·       OneTrust's CEO named a 2019 EY Entrepreneur of the Year Award winner in the United States 

“OneTrust plans to use the combined funding to continue to invest in meeting the widespread demand for our technology platform,” said Kabir Barday, OneTrust CEO and Fellow of Information Privacy (FIP). “We will scale our services, support, and partner ecosystem globally and add new capabilities to the platform through both organic and inorganic innovation.”

“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,” said Thomas Laffont, co-founder of Coatue.  “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.”

“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,” said Richard Wells, Managing Director at Insight Partners. “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.”

OneTrust products will be available for demo next week at RSA Conference 2020 booths 4236, 5470 and 4424For additional information, or to request a live OneTrust demo, visit OneTrust or email [email protected].

About OneTrust

OneTrust is the #1 most widely used privacy, security and trust technology platform used by more than 5,000 companies to comply with the CCPA, GDPR, ISO27001 and hundreds of the world’s privacy and security laws. OneTrust’s primary offerings include:

  • OneTrust Privacy Management Software
  • OneTrust PreferenceChoice™ Consent and Preference Management Software
  • OneTrust Vendorpedia™ Third-Party Risk Management Software and Cyber Risk Exchange
  • OneTrust GRC Integrated Risk Management Software
  • OneTrust Ethics compliance and ethics software

To learn more, visit OneTrust.com or connect on LinkedInTwitter and Facebook.

About Coatue

Coatue, founded by Philippe Laffont and Thomas Laffont in 1999, is one of the largest dedicated technology funds in the world with offices in New York, Menlo Park, San Francisco and Hong Kong. Coatue currently manages approximately $17 billion in assets on behalf of individuals, endowments, foundations, and other institutional investors.

About Insight Partners

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide. Our mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.

 

 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 9/17/2020
Cybersecurity Bounces Back, but Talent Still Absent
Simone Petrella, Chief Executive Officer, CyberVista,  9/16/2020
Meet the Computer Scientist Who Helped Push for Paper Ballots
Kelly Jackson Higgins, Executive Editor at Dark Reading,  9/16/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Special Report: Computing's New Normal
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
How IT Security Organizations are Attacking the Cybersecurity Problem
How IT Security Organizations are Attacking the Cybersecurity Problem
The COVID-19 pandemic turned the world -- and enterprise computing -- on end. Here's a look at how cybersecurity teams are retrenching their defense strategies, rebuilding their teams, and selecting new technologies to stop the oncoming rise of online attacks.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-25789
PUBLISHED: 2020-09-19
An issue was discovered in Tiny Tiny RSS (aka tt-rss) before 2020-09-16. The cached_url feature mishandles JavaScript inside an SVG document.
CVE-2020-25790
PUBLISHED: 2020-09-19
** DISPUTED ** Typesetter CMS 5.x through 5.1 allows admins to upload and execute arbitrary PHP code via a .php file inside a ZIP archive. NOTE: the vendor disputes the significance of this report because "admins are considered trustworthy"; however, the behavior "contradicts our secu...
CVE-2020-25791
PUBLISHED: 2020-09-19
An issue was discovered in the sized-chunks crate through 0.6.2 for Rust. In the Chunk implementation, the array size is not checked when constructed with unit().
CVE-2020-25792
PUBLISHED: 2020-09-19
An issue was discovered in the sized-chunks crate through 0.6.2 for Rust. In the Chunk implementation, the array size is not checked when constructed with pair().
CVE-2020-25793
PUBLISHED: 2020-09-19
An issue was discovered in the sized-chunks crate through 0.6.2 for Rust. In the Chunk implementation, the array size is not checked when constructed with From<InlineArray<A, T>>.