OneTrust, a provider of privacy and security compliance tools, has raised $210 million in Series B funding at a valuation of $2.7 billion.
The Series B round was led by Coatue and Insight Partners, and combined with OneTrust's $200 million Series A, brings the total amount raised by the company to $410 million.
With roughly 1,500 employees across 10 offices, the company’s platform is used by more than 5,000 companies to comply with regulations such as GDPR, CCPA, GDPR, ISO27001 and hundreds of others. OneTrust says that nearly half of the Fortune 500 are customers.
"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 Follow 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."
OneTrust is co-headquartered in Atlanta and in London, and has additional offices in Bangalore, San Francisco, Melbourne, New York, São Paulo, Munich, Hong Kong and Bangkok.
For more than 10 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.
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