Atlanta data privacy and security company OneTrust said Thursday it's raised another $210 million in a financing round that values the 4-year-old business at $2.7 billion.
OneTrust said the new Series B round was led by led by Coatue Management LLC and Insight Partners.
The new funding brings the total raised by OneTrust to $410 million. It follows a $200 million Series A investment led by Insight Partners last July that then valued the enterprise software company founded in 2016 at $1.3 billion.
OneTrust, which Atlanta Business Chronicle last year ranked as the metro area's fastest-growing private company, said it has secured more than 5,000 customers, both big and small across 100 countries. Nearly half of the Fortune 500 companies are now OneTrust customers, it said.
“OneTrust plans to use the combined funding to continue to invest in meeting the widespread demand for our technology platform,” said OneTrust CEOKabir Barday in a statement. “We will scale our services, support, and partner ecosystem globally and add new capabilities to the platform through both organic and inorganic innovation.”
OneTrust now has 1,500 employees across 10 global offices. The company says it's been awarded 75 U.S. patents.
Weighted average growth index
| Rank | Prior Rank | Business name |
|---|---|---|
1 | 1 | OneTrust LLC |
2 | 2 | LifeBrite Laboratories LLC |
3 | 3 | SecurAmerica LLC |
