SFTBY - SoftBank leads $210M funding for security software startup OneTrust

SoftBank Vision Fund 2 ([[SFTBF]],[[SFTBY]]) and Franklin Trust co-led a $210M funding for privacy, security, and governance platform OneTrust, which brought the Series C round up to $510M at a $5.5B valuation.The startup's platform allows companies to operationalize trust through agile, centralized workflows across privacy, security, data governance, ethics and compliance, and third-party risk.OneTrust says it has more than 8,000 customers, including more than half of the Fortune 500.SoftBank's investment opens up a strategic geographical position in Japan, says OneTrust."As more data is created and shared over the internet, consumer privacy and trust have become critical issues for companies globally," says SoftBank Investment Advisers partner Ramzi Ramsey. "We believe OneTrust is the leading enterprise platform leader that is providing data privacy and compliance needs for organizations of all sizes. We are pleased to partner with Kabir and the OneTrust team to support their mission to operationalize trust and expand into new

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SoftBank leads $210M funding for security software startup OneTrust