OneTrust Raises $200 Million Series A to Tackle Sweeping New California Consumer Privacy Rights and "Do Not Sell" Obligations in CCPA
The investment by Insight Partners values enterprise software company OneTrust at $1.3 billion
ATLANTA, July 11, 2019 /PRNewswire/ -- OneTrust today announced it has closed a $200 million Series A investment led by Insight Partners. The enterprise software company founded in 2016 is now valued $1.3 billion.
Organizations are facing the burden of having to comply with an increasingly complex set of privacy and security laws and standards in order to do business, most notably the California CCPA, European GDPR, ISO27001, and hundreds more. These laws require organizations to formalize how they keep track of personal data, have better decision making around their use of data, and provide transparency and choice to consumers.
OneTrust has quickly grown to address these challenges through three primary software offerings:
- OneTrust Privacy Management Software: Helping organizations map and assess their data collection processes, respond to incidents, and automatically generate compliance reporting for any privacy law.
- OneTrust PreferenceChoice: Consent and preference management software to help marketers provide transparency and choice in their customer engagement efforts.
- OneTrust Vendorpedia: Vendor and Third-party risk management software and vendor risk exchange to help security, risk, and procurement professionals know that their vendors are safe to do business with.
Products within these offerings are popularly used to automate CCPA and GDPR requirements of "right to be forgotten," "access," and "do not sell."
Learn more about OneTrust's growth, new products and vision for the future during a webinar hosted by CEO Kabir Barday on Tuesday, July 16 at 1:00pm ET.
In three years, OneTrust has scaled to serve more than 3,000 customers in over 100 countries with a team of 1,000 employees across 8 worldwide locations. OneTrust's 50+ patents help make the company's offerings unique in the market. The intelligence in OneTrust is powered by the world's most in-depth data set of privacy and security regulations in OneTrust's DataGuidance database, updated daily by over 40 in-house privacy and security researchers, and a network of 500 lawyers across 300 jurisdictions.