OneTrust, an Atlanta-based startup that develops privacy, security, and data governance software, has announced that it’s raised a $300 million Series C round that values it at a whopping $5.1 billion, not bad for a four-year-old startup.

The $300 million round sums up the total amount of financing that OneTrust has raised in just the past 18 months to $710 million. The round was led the investment firm TCV, with participation from Insight Partners and Coatue.

OneTrust has grown rapidly since it was founded in 2016, now serving 7,500 enterprise organizations as customers, including more than half of the Fortune 500, a press statement notes. The company makes and offers a software suite used by enterprises to ensure compliance with stipulated laws and regulations like GDPR, CCPA, LGPD, ISO 27001, and hundreds of other frameworks.

This year February, OneTrust raised a $210 million round that valued it at $2.7 billion. Now, closing the year, that valuation has nearly doubled to $5.1 billion, hinting at outsized growth for the company.

A $5.1 billion valuation for OneTrust makes it one of the highest-valued technology companies to emerge from the Atlanta region. 

Photo: OneTrust CEO Kabir Barday by Village Global is licensed under CC BY-NC-ND 2.0

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