Latest funding round capitalizes on recent
growth, catalyzing further product innovation and expansion into
new markets
SAN FRANCISCO, June 27, 2024 /PRNewswire/ -- Odaseva, the
leading enterprise data security platform for Salesforce, today
announced a $54 million Series C
equity financing, bringing the total company funding to more than
$90 million. Silver Lake Waterman led
the round, with participation from existing investors F-Prime,
Eight Roads and Serena Capital, and new investors Eurazeo and
Crescent Cove. The investment comes after several marquee new
customer wins across industries and geographies, and will support
further growth, including additional investment into data security
and Zero Trust product offerings.
Enterprises around the globe are digitizing more strategic
processes, including assets containing sensitive data with high
demand for confidentiality, integrity and availability - further
accelerated by AI and compliance standards. Odaseva is the trusted
Salesforce enterprise data security platform securing more than 100
million users for customers around the world, including a growing
number of Global Fortune 500 companies. The power of
the Odaseva platform enables Salesforce end-to-end encryption,
optimizes Salesforce availability up to 99.99% and delivers among
the best-in-the-industry Salesforce Recovery Point and Time
Objective (RPO/RTO).
"Data sits at the core of large organizations, so we know trust
with our customers is more important than ever before. We're proud
that Odaseva's commitment to data security exceeds the requirements
of even the most complex, highly regulated businesses in the
world," said Sovan Bin, CEO and Founder of Odaseva. "This round of
funding will help to accelerate our growth into new markets and
keep us at the forefront of innovation in the space."
"The Odaseva team has built a leading data resiliency platform
for the Salesforce ecosystem that provides security and continuity
solutions for mission critical applications," said Shawn O'Neill, Managing Director and Group Head
of Silver Lake Waterman. "Sovan and the Odaseva leadership team
have a solid track record of building value and trust with global
enterprise customers and we are excited to partner with the team
and help drive further growth."
The Series C funding will accelerate Odaseva's leading product
development and investment into deepening levels of global reach,
including additional resources for North
America, Europe and
Asia Pacific. Odaseva will
continue to hire top talent at the executive level, following the
recent additions of Steven Corbin,
Chief Financial & Operating Officer, Matthew Johnston as Chief Revenue Officer and
Susan Lansing as Chief People
Officer.
About Odaseva
Odaseva delivers the strongest data security solution for
enterprises running on Salesforce, safeguarding confidentiality and
integrity of critical business information. Global Fortune 500
companies rely on the Odaseva Enterprise Data Security Platform to
gain powerful defense against threats to Salesforce data, ensure
business continuity and comply with regulations. It is designed and
built specifically to solve the complex challenges of large-scale
global organizations.
With Odaseva, enterprises can confidently navigate the evolving
data security landscape, ensuring that operations remain
uninterrupted and aligned with regulatory standards. Learn more at
www.odaseva.com.
About Silver Lake Waterman
Silver Lake Waterman is part of Silver
Lake, the global leader in technology investing with
approximately $103 billion in
combined assets under management and committed capital and a team
of professionals based in North
America, Europe and
Asia. Silver Lake Waterman focuses
on providing flexible expansion capital to later-stage growth
companies in the technology and technology-enabled industries. For
more information about Silver Lake Waterman and Silver Lake, please visit
www.silverlake.com.
Media Contact
Ginny Lobel
SVP Marketing
ginny.lobel@odaseva.com
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