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OneTrust, a leading provider of trust, privacy, and risk compliance solutions, has successfully raised $150 million in a new funding round. This round, led by Generation Investment Management, brings the company’s valuation to $4.5 billion, a slight decrease from its previous valuation of $5.1 billion in 2020. The latest funding takes OneTrust’s total raised capital to over $1 billion.
OneTrust’s Journey and Growth
Since its inception in 2016, OneTrust has been raising significant capital. The company raised a $200 million Series A in July 2019, a $210 million Series B in February 2020, and a $300 million Series C in December 2020. These rounds came with valuations of $1.3 billion, $2.7 billion, and $5.1 billion, respectively.
OneTrust’s CEO, Kabir Barday, expressed his enthusiasm about the company’s progress since its last round, stating, “We are thrilled that such a well-established firm such as Generation Investment Management believes in our vision, business strategy and our ability to execute as evidenced by doubling our ARR to $400 million and reaching our free cash flow milestones since our last funding round.”
OneTrust’s Mission and Services
OneTrust is dedicated to helping companies ensure trust and compliance with all laws around privacy, trust, and risk. The company’s platform is designed to help customers navigate these complex issues effectively. OneTrust Chairman Alan Dabbiere explained, “We help companies ensure that they can be trusted, and that they make sure that they’re compliant to all laws around privacy, trust, and risk.”
Expansion and Future Plans
Since 2020, OneTrust has seen significant growth. The company has increased its employee count from 1,500 to 2,100 and has grown its customer base from 7,500 to over 14,000. The company was founded in 2016 by former AirWatch employees, a company that VMware bought for $1.5 billion in 2014.
With the latest funding, OneTrust plans to continue expanding its platform and services, further solidifying its position as a leader in the trust and compliance solutions industry.
This funding round marks a significant milestone for OneTrust as it continues to navigate the evolving landscape of trust and compliance, setting the stage for a new era in the industry.
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