Venture Capital

Onetrust Raises $210M To Expand Its Enterprise Compliance Solutions

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OneTrust, a privacy and marketing, security, and data governance firm based in Atlanta, Georgia, today announced it has raised $210 million in a series C extension led by SoftBank’s Vision Fund 2, with participation from Franklin Templeton. OneTrust says the round adds a strategic geographical position in Japan — SoftBank is Tokyo-based — as market demands accelerate in the Asia Pacific region and across the globe. About 64% of respondents around the world feel that adhering to compliance requirements is a “very” or “extremely” effective way to keep data secure, according to a Thales report. But compliance is expensive.

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