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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SOURCE Odaseva