OneTrust Raises $300M in Series C
OneTrust has successfully raised $300M in a Series C at a $5.3B valuation led by Coatue, Franklin Templeton.
Company Overview
OneTrust is a Cybersecurity company headquartered in Atlanta, GA, founded in 2016 with 2000+ employees.
Privacy and security software
Fundraising Details
- Amount Raised: $300M
- Round Type: Series C
- Valuation: $5.3B
- Date: 2024-08-01
- Investors: Coatue, Franklin Templeton
About OneTrust
Privacy and security software The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Atlanta, GA
- Founded: 2016
- Team Size: 2000+
- Industry: Cybersecurity
What This Means
This funding round demonstrates strong investor confidence in OneTrust's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. OneTrust's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $5.3B valuation marks an important milestone for OneTrust, positioning the company among notable players in the Cybersecurity industry.
Looking Ahead
With this new capital, OneTrust is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-08-01. For more information about OneTrust, visit their headquarters at Atlanta, GA.
