July 3, 2024 at 09:57AM
Odaseva, a Salesforce enterprise data security platform, has secured $54 million in Series C funding, bringing their total funding to over $90 million. The investment, led by Silver Lake Waterman and supported by other investors, will be used to enhance product development, expand global presence, and strengthen the executive team. The company focuses on providing security solutions for enterprises running on Salesforce.
Key Takeaways from Meeting Notes:
1. Odaseva, a San Francisco-based enterprise data security platform for Salesforce, received $54 million in Series C funding, bringing its total funding to over $90 million.
2. The investment was led by Silver Lake Waterman, with support from Crescent Cove, Eurazeo, and previous investors Eight Roads, F-Prime, and Serena Capital.
3. Odaseva’s offerings include data protection, automation of data processes, compliance assistance, and performance improvement for Salesforce users.
4. The company provides end-to-end encryption, Salesforce Recovery Point and Time Objective (RPO/RTO), and optimization of Salesforce availability.
5. Odaseva claims to secure over 100 million users globally, including Global Fortune 500 companies.
6. The new funds will be invested in product development, expanding global presence (with a focus on North America, Europe, and Asia Pacific), and expanding the executive team.
7. Odaseva CEO and founder Sovan Bin emphasized the company’s commitment to data security and customer trust.
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