OneTrust, the market leader in trusted intelligence, today announced a $150 million funding round. This capital will fuel OneTrust’s continued growth to meet customers’ needs for reliable intelligence software. The round was led by new investor Generation Investment Management with participation from existing investor Sands Capital, bringing the total raised to date to over $1 billion at a current valuation of $4.5 billion.
This latest funding comes as OneTrust reasserts its leadership position in the privacy market. The company recently ranked first in global data security software market share for the fourth year in a row, according to the IDC Global Data Privacy Compliance Software Market Share Report, “OneTrust continues to maintain its strong market leadership.
As data privacy regulations increasingly evolve globally, organizations are seeing privacy as a strategic imperative not only to meet compliance requirements but also to differentiate themselves. OneTrust goes beyond data privacy to provide a holistic approach to trust. As trust becomes a critical determinant of business success, the Trust Intelligence Platform is the comprehensive solution that organizations use to manage trust against their stakeholders’ privacy, security, ethics, and ESG requirements.
This is backed by extensive research and real-time regulatory information across hundreds of jurisdictions, making it easier for businesses to understand and adapt to regulatory requirements.
“Our solutions have never been more mission critical. In the face of changing regulations and new business initiatives like AI, organizations need the technology to drive trust to the center of their operations and manage the complex web of privacy, security, ethics, and ESG requirements,”
“We are focused on delivering strong customer experiences and will continue to evolve our platform as our customers’ needs grow. This funding is a testament to our sustained growth, market leadership, and customer-centric innovation. We are pleased to be working with Generation.”
Kabir Barday, founder, CEO, and chairman of OneTrust.
“While critical to driving economic and sustainability progress, the proliferation of data comes with a host of unintended negative consequences, including data privacy and security issues,”
“With OneTrust’s software, companies can protect sensitive data and manage the increasing volume and complexity of regulatory issues. This investment demonstrates our confidence in the company’s vision, leadership, and ability to execute. We are excited to be partnering with OneTrust to make it easier for organizations around the world to demonstrate trust.”
Joy Tuffield, partner at Generation Investment Management.
“The data privacy compliance market continues to experience significant growth amidst increased regulatory activity,”
“OneTrust continues to lead the market forward and capitalize on this emerging market. We are still in the early stages of this market, but it is poised for longevity.”
Ryan O’Leary, research director, Privacy and Legal Technology at IDC.