Odaseva, the esteemed enterprise data security platform specializing in Salesforce, has announced a significant milestone with the closure of a $54 million Series C equity financing round. This latest funding, led by Silver Lake Waterman and supported by existing investors F-Prime, Eight Roads, and Serena Capital, alongside new backers Eurazeo and Crescent Cove, marks a pivotal moment in Odaseva’s journey towards enhancing product offerings and expanding into new markets.
The investment surge comes amidst a period of rapid growth and notable customer acquisitions across diverse industries and geographies. With a total funding exceeding $90 million, Odaseva remains steadfast in its commitment to fortifying data security and advancing Zero Trust solutions. The platform, trusted by over 100 million users globally, including prominent Fortune 500 companies, stands at the forefront of safeguarding critical business information through Salesforce end-to-end encryption and optimizing availability up to 99.99%.
“Our mission at Odaseva is to exceed the highest standards of data security and resilience demanded by global enterprises,” remarked Sovan Bin, CEO and Founder of Odaseva. “This funding round will propel our expansion into new territories and accelerate innovation, reinforcing our position as leaders in the industry.”
Shawn O’Neill, Managing Director of Silver Lake Waterman, underscored the strategic partnership, highlighting Odaseva’s proven track record in delivering robust data continuity solutions for mission-critical applications. The Series C funding will empower Odaseva to deepen its global footprint, with targeted investments in North America, Europe, and the Asia Pacific regions. Recent key executive appointments further bolster the company’s leadership team, signaling a robust strategy for sustained growth.
Editorial Opinion: Empowering Data Security in the Era of Digital Transformation
The $54 million Series C funding secured by Odaseva signifies more than just a financial milestone; it is a testament to the growing importance of data security in today’s digital landscape. As enterprises accelerate their digital transformation initiatives, the need for robust data protection solutions has never been more critical. Odaseva’s commitment to enhancing Salesforce data security and compliance capabilities positions them uniquely in an increasingly competitive market.
This substantial investment will enable Odaseva to not only expand its market reach but also to deepen its technological prowess. With enterprises worldwide grappling with stringent regulatory requirements and evolving cybersecurity threats, Odaseva’s continued innovation in Zero Trust solutions and data resilience is poised to set new industry standards.
In conclusion, as Odaseva charts its path forward with this infusion of capital, it not only strengthens its own position but also contributes to elevating the global standard for enterprise data security. This funding is not just an investment in a company; it is an investment in the future resilience of businesses worldwide.
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