OneTrust, a startup marketing itself as the “most widely used platform to operationalize,” has won a $300 million funding round, with which it plans to embark on a spending spree. The 2016-founded company, based out of Altanta, Ga, has now raised $710m in 18 months.
“This gives us a war chest so we can think more strategically about the long term and about acquisitions,” OneTrust chair Alan Dabbiere told the Atlanta Journal-Constitution, adding his firm is “growing very quickly.”
That much is certainly true. OneTrust, which works in security and privacy, is the fastest-growing firm on Inc.‘s 5000 List. Founded by Georgia Tech graduate Kabir Barday, it now has over 7,500 customers – including half of the Fortune 500.
The company’s Series C round values it at $5.1bn. Californian investor Technology Crossover Venture (TCV) led the round, with additional funds from Insight Partners and Coatue. Not only will the injection help OneTrust grow, but it will bolster its compliance platform in light of recent GDPR and CCPA legislation.