Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Privacy Management Firm OneTrust Secures $300M at $5.1B Valuation

OneTrust, a provider of privacy, security and data governance tools, announced a $300 million Series C funding round led by new investor TCV.

OneTrust, a provider of privacy, security and data governance tools, announced a $300 million Series C funding round led by new investor TCV.

The company’s valuation has nearly doubled in the past ten months, jumping from $2.7 billion when the company announced its $210 million Series B round in early 2020, to a current valuation of $5.1 billion.

OneTrust Logo

Announced just before the Christmas holiday, the Series C funding brings the total amount raised to a whopping $710 million since being founded in 2016.

OneTrust says that more than 7,500 customers, including more than half of the Fortune 500, use its technology to comply with ever-changing privacy, security, and compliance requirements.

“Our mission is to build the technology platform that creates the trust fabric of an organization, while addressing the hundreds of privacy, security, and compliance requirements they are faced with today,” said Kabir Barday, OneTrust CEO. “We were excited when TCV approached us for an investment. Even with most of our previously raised funds still available, their partnership allows us to further accelerate our mission, leverage our capital and currency to drive organic and inorganic growth, and deliver for our customers and partners long term.”

Existing investors, including Insight Partners and Coatue, joined TCV in the funding round.

Written By

For more than 15 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...

Funding/M&A

Thirty-five cybersecurity-related M&A deals were announced in February 2023

Funding/M&A

Forty-one cybersecurity-related M&A deals were announced in March 2023.

Funding/M&A

Forty cybersecurity-related M&A deals were announced in January 2023.