OneTrust, the privacy and security provider, has recently announced that it raised $300 million in Series C funding. TCV led the financing round along with existing investors, Insight Partners, and Coatue.
The total valuation of the firm has nearly doubled in the last ten months, leaping from $2.7 billion to $5.1 billion. It secured around $210 million in Series B round in early 2020.
OneTrust aims to augment its technology platform to create a trust fabric of an organization and address compliance, privacy, and security requirements. It believes this funding will help in accelerating the organic and inorganic growth of the company.