Odaseva secures $54 million for Salesforce data security platform

Odaseva secures $54 million for salesforce data security platform, as Silver Lake Waterman leads a Series C funding round.

The Series C funding round of $54 million has pushed the total amount raised by Odaseva, a Salesforce enterprise data security platform, to over $90 million.

Leading the new investment round was Silver Lake Waterman, with supplementary backing from Crescent Cove and Eurazeo. Moreover, former investors Eight Roads, F-Prime, and Serena Capital also provided additional support.

The company, established in 2012 and situated in San Francisco, offers security solutions to businesses employing Salesforce.

Their tools streamline data protection measures, automate processes related to data management, facilitate compliance adherence, and enhance the operational efficiency of the enterprise.

When Odaseva secures $54 million, Salesforce is equipped with comprehensive encryption from end to end. It also provides Recovery Point and Time Objective (RPO/RTO) for Salesforce recovery purposes while maximizing availability on the platform.

Including Global Fortune 500 companies, the company asserts that it safeguards over 100 million users around the world for its clients.

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Odaseva secures $54 million and will invest the new funds in product development, including data security and zero trust offerings, and in expanding its global presence, including additional resources for North America, Europe and Asia Pacific. The company is also looking to expand its executive team.

conclusion

At the heart of large organizations lies data, thus establishing trust with our customers has become increasingly crucial.

 Odaseva CEO and founder Sovan Bin said

We take pride in Odaseva’s dedication to surpassing the standards for data security imposed upon even the most intricate and regulated global businesses.

Salesforce enterprise data security platform Odaseva has raised over $90 million in a $54 million funding round. The round was led by Silver Lake Waterman, with support from Crescent Cove and Eurazeo.

Odaseva, founded in 2012, offers security solutions for businesses using Salesforce, focusing on data protection, automation, compliance adherence, and operational efficiency.

The $54 million funding will be used for product development, data security, and zero-trust solutions.

The company plans to expand its global footprint by investing in resources across North America, Europe, and Asia Pacific, and expanding its executive team.