OneTrust is a unicorn after a $200 million Series A funding round. The enterprise tech startup helps companies navigate privacy laws, like the EU's GDPR.
BA’s fine is unprecedented, yet regulators could have fined the airline more than double that under GDPR regulations. To safeguard from incurring such fines, companies are turning to privacy tech software. OneTrust provides a platform with features like data mapping automation that help with compliance to the growing number of privacy laws, such as the California Consumer Privacy Act.
In three years, the company has amassed 3,000 clients, Barday said, and more than 100 of them are Fortune 500 companies. He, Dabbiere and co-chairman John Marshall have a strong track record in enterprise tech. Dabbiere and Marshall previously founded AirWatch, which was acquired by VMware in 2014 for $1.55 billion, per Pitchbook. Barday, an early employee, left the company and founded OneTrust so he could tackle privacy tech “before anybody was paying attention to it,” he said.
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