Atlanta based privacy, security and third-party risk platform has raised a $210m Series B at a $2.7b valuation led by Coatue and Insight Partners.
I hopped on the phone with OneTrust chairman Alan Dabbiere, who said the company has been seeing explosive growth. By explosive we mean its headcount and customers surged from 600 and 2,000, respectively, in February 2019 to 1,500 employees and 5,000 customers today (including half the Fortune 500). While he declined to provide growth metrics for 2019, the Atlanta Business Chronicle previously reported that OneTrust had seen a staggering 22,000 percent revenue growth from 2016 to 2018. There’s no doubt that much of that growth is related to the fact that it helps organizations comply with global regulations like General Data Protection Regulation and now in California, the California Consumer Privacy Act that went into effect on Jan. 1.