OneTrust raises $150M with $4.5B down round valuation

OneTrust, an organization specializing in compliance, privateness, and governance options, introduced that it has efficiently raised $150 million in funding. This latest funding spherical was led by Technology Funding Administration, a agency co-founded by former Vice President Al Gore. The spherical additionally noticed participation from Sands Capital, an present investor. With this funding, OneTrust’s valuation now stands at $4.5 billion.

Since its institution in 2016, OneTrust has constantly attracted vital funding. In July 2019, the corporate raised a $200 million Collection A spherical, adopted by a $210 million Collection B spherical in February 2020. Only a few months later, in December 2020, OneTrust closed a $300 million Collection C spherical. These funding milestones resulted in valuations of $1.3 billion, $2.7 billion, and $5.1 billion, respectively.

Nonetheless, the latest funding of $150 million has marked a slight decline in OneTrust’s valuation. Whereas this will appear modest, it displays a development of adjusted valuations within the business in recent times.

The CEO of OneTrust expressed enthusiasm relating to the corporate’s progress for the reason that earlier funding spherical. He highlighted their accomplishments in doubling the Annual Recurring Income (ARR) to $400 million and reaching vital free money stream milestones. He additionally expressed gratitude for Technology Funding Administration’s perception in OneTrust’s imaginative and prescient, enterprise technique, and execution capabilities.

The corporate’s dedication to excellence is mirrored in its development. Because the final funding spherical, the variety of workers has elevated from 1,500 to 2,100. Moreover, its buyer base has expanded from 7,500 to over 14,000.

OneTrust’s core mission is to help firms in establishing belief with their clients, companions, and suppliers. By making certain compliance with related privateness and risk-related legal guidelines, they empower organizations to display their trustworthiness. Alan Dabbiere, Chairman of OneTrust, emphasizes the corporate’s dedication to serving to companies navigate the complexities of privateness laws.

OneTrust’s newest funding spherical, led by Technology Funding Administration, has raised $150 million for the corporate. Regardless of a slight valuation lower to $4.5 billion, OneTrust stays dedicated to its mission of offering compliance, privateness, and governance options. With a rising worker rely and an increasing buyer base, the corporate continues to ship on its imaginative and prescient.

OneTrust is an organization that makes a speciality of compliance, privateness, and governance options. They assist organizations set up belief with their stakeholders by making certain compliance with related privateness legal guidelines.

Technology Funding Administration, a agency co-founded by former Vice President Al Gore, led the most recent funding spherical for OneTrust.

With the latest $150 million funding, OneTrust has now raised over $1 billion in complete funding.

OneTrust has skilled vital development since its final funding spherical. The corporate’s worker rely has elevated from 1,500 to 2,100, and its buyer base has grown from 7,500 to over 14,000.

OneTrust goals to assist firms construct belief by aiding them in compliance, privateness, and governance issues. They guarantee organizations adhere to privateness legal guidelines and laws.