OneTrust CEO Kabir Barday Highlights Company Raising $200M Series A Funding at $1.3B Valuation
We’ve had a lot of exciting days at OneTrust, CookiePro’s parent company, over the past three years, but today will stand out for quite some time. OneTrust has closed on a major $200 million Series A investment round led by Insight Partners, valuing OneTrust at $1.3 billion!
It has been just three years since OneTrust was incorporated in June 2016, and as we’ve grown the company and product in partnership with our customers, we’ve worked tirelessly to successfully onboard over 3,000 organizations all over the world, with over 50% represented outside of America.
In the process, we worked to build the right team, investing in our people and scaling to 1,000 employees across 8 offices, and with our employees holding over 400 IAPP privacy certificates, making sure we offer a consistent and high quality customer experience.
Our customers are inspiring us to continue to invent the next great technology to operationalize their privacy, security, and third-party risk programs, and we’ve been fortunate to have the team to execute on these great ideas at scale and be first to market in almost every product line we have launched.
Our 50+ patents is a testament to this innovation that our over 450+ in R&D led by Blake Brannon have accomplished.
This year we further listened to our customers who wanted a software platform what was smart, and had the built-in intelligence from all of the hundreds of the world’s privacy and security laws, frameworks, and standards in real time. We added OneTrust DataGuidance to our portfolio to deliver on this vision, and brought our customers the most in-depth and up to date privacy and security research platform, updated daily by our 40 in-house researchers and network of 500 lawyers spanning 300 jurisdictions.
As we continue to offer solutions that go beyond just compliance, and drive real value and differentiation for our customers core businesses, we have expanded our footprint and offerings to cover three main product lines going forward:
OneTrust Privacy Management Software: Maturity & Benchmarking, DataGuidance, Assessment Automation (PIAs/DPIAs), Data Mapping, Targeted Data Discovery and Incident & Breach Response tools to help organizations map and assess their data collection processes, respond to incidents, and automatically generate compliance reporting for any privacy law.
OneTrust PreferenceChoice™: A universal preference management center for organizations, all-encompassing across preferences and profile settings, Cookie Compliance, Mobile App Compliance, Consent Management, Consumer & Subject Requests and Policy & Notice Management software to help marketers provide transparency and choice in their customer engagement efforts.
OneTrust Vendorpedia™: Vendorpedia Management, Third-Party Risk Exchange, Contracts, Monitoring and Chasing Services to help security, risk, and procurement professionals know that their vendors are safe to do business with.
Our long term goal is to continue to deliver first-to-market capabilities that are driven by our customers and the ever evolving regulatory landscape by offering a complete solution to operationalize privacy, security, and third-party risk programs.
This funding is a reflection of our commitment, and that OneTrust is here for the long haul. The investment gives significant longevity and stability to the business, and allows us to continue to invest in the market in big ways. We look forward to delivering great outcomes across the three offerings outlined above, as well as further partner with our customers to broaden this footprint even more! We already have many customers with great ideas that we are working on, so look out for some more great updates from us, and I’d love to hear from you on where you’d like to see us further invest as well!
I also want to invite you to join me on a webinar to hear what’s next for us at OneTrust, so be sure to sign up for the webinar I am hosting on Tuesday, July 16th at 1 pm ET and learn more about our growth, product features and vision for the future.
We also want to set you up for CCPA success, so I hope you join us for our CCPA Master Class Series, starting next week. We’ll dive deep into several areas of the CCPA, including Consumer Rights, Do Not Sell, Identity Verification, Targeted Data Discovery, Data Mapping, Website Compliance and Vendor Management.
Finally, THANK YOU! This significant milestone is just the beginning, and we couldn’t have reached this without the amazing support and encouragement from our team, our customers, our partners, investors, and the privacy community. We’re committed to continuing to build the future of privacy, security and third-party risk together.
-Kabir Barday, OneTrust CEO
Featured in the following:
Business Insider: OneTrust surpasses $1.4 billion valuation with $200 million Series A