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.

 

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 5/22/2020
How an Industry Consortium Can Reinvent Security Solution Testing
Henry Harrison, Co-founder & Chief Technology Officer, Garrison,  5/21/2020
10 iOS Security Tips to Lock Down Your iPhone
Kelly Sheridan, Staff Editor, Dark Reading,  5/22/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
How Cybersecurity Incident Response Programs Work (and Why Some Don't)
This Tech Digest takes a look at the vital role cybersecurity incident response (IR) plays in managing cyber-risk within organizations. Download the Tech Digest today to find out how well-planned IR programs can detect intrusions, contain breaches, and help an organization restore normal operations.
Flash Poll
New Best Practices for Secure App Development
New Best Practices for Secure App Development
The transition from DevOps to SecDevOps is combining with the move toward cloud computing to create new challenges - and new opportunities - for the information security team. Download this report, to learn about the new best practices for secure application development.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-13458
PUBLISHED: 2020-05-25
An issue was discovered in the Image Resizer plugin before 2.0.9 for Craft CMS. There are CSRF issues with the log-clear controller action.
CVE-2020-13459
PUBLISHED: 2020-05-25
An issue was discovered in the Image Resizer plugin before 2.0.9 for Craft CMS. There is stored XSS in the Bulk Resize action.
CVE-2020-13442
PUBLISHED: 2020-05-25
A Remote code execution vulnerability exists in DEXT5Upload in DEXT5 through 2.7.1402870. An attacker can upload a PHP file via dext5handler.jsp handler because the uploaded file is stored under dext5uploadeddata/.
CVE-2020-5537
PUBLISHED: 2020-05-25
Cybozu Desktop for Windows 2.0.23 to 2.2.40 allows remote code execution via unspecified vectors.
CVE-2020-13438
PUBLISHED: 2020-05-24
ffjpeg through 2020-02-24 has an invalid read in jfif_encode in jfif.c.