Odaseva rakes in $54m in Series C to enhance Salesforce data security solutions

Odaseva, the leader in enterprise data security for Salesforce, has announced a significant $54 million Series C equity financing, raising its total funding to over $90 million. The round was led by Silver Lake Waterman, with contributions from existing investors including F-Prime, Eight Roads, and Serena Capital, alongside new investors Eurazeo and Crescent Cove. This latest funding surge follows a series of successful customer acquisitions across various industries and geographies, positioning Odaseva for further growth and innovation in data security and Zero Trust product offerings.

With enterprises increasingly digitizing strategic processes and handling sensitive data amidst rising AI and compliance demands, Odaseva provides crucial security solutions. The platform currently secures over 100 million users worldwide, including a growing roster of Global Fortune 500 companies. It offers robust features such as Salesforce end-to-end encryption, optimized Salesforce availability up to 99.99%, and leading recovery point and time objectives (RPO/RTO).

Sovan Bin, CEO and Founder of Odaseva, emphasized the strategic impact of the funding: “This round of funding will help to accelerate our growth into new markets and keep us at the forefront of innovation in the space. Odaseva’s commitment to data security exceeds the requirements of even the most complex, highly regulated businesses in the world.”

The Series C funding will enable further product development and deepen Odaseva’s global reach, including bolstering its presence in North America, Europe, and Asia Pacific. The company continues to attract top industry talent, recently adding Steven Corbin as Chief Financial & Operating Officer, Matthew Johnston as Chief Revenue Officer, and Susan Lansing as Chief People Officer.

Odaseva’s latest funding and ongoing product innovation underscore its pivotal role in the Salesforce ecosystem, providing enterprise-grade data security solutions that support business continuity and compliance with stringent regulations. The company’s strategic expansion and solid track record of trust with global customers highlight its growing influence and leadership in the data security domain.