Odaseva Secures $54 Million Series C

<p id&equals;"temp&lowbar;ReleaseStart"><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;span> <&sol;strong>&&num;8212&semi; Odaseva&comma; an enterprise data security platform for Salesforce&comma; has announced a <span class&equals;"xn-money">&dollar;54 million<&sol;span> Series C equity financing&comma; bringing the total company funding to more than <span class&equals;"xn-money">&dollar;90 million<&sol;span>&period; Silver Lake Waterman led the round&comma; with participation from existing investors F-Prime&comma; Eight Roads and Serena Capital&comma; and new investors Eurazeo and Crescent Cove&period; The investment comes after several marquee new customer wins across industries and geographies&comma; and will support further growth&comma; including additional investment into data security and Zero Trust product offerings&period;<&sol;p>&NewLine;<p class&equals;"prntal">Enterprises around the globe are digitizing more strategic processes&comma; including assets containing sensitive data with high demand for confidentiality&comma; integrity and availability &&num;8211&semi; further accelerated by AI and compliance standards&period; Odaseva is the trusted Salesforce enterprise data security platform securing more than 100 million users for customers around the world&comma; including a growing number of Global Fortune 500 companies&period; The power of the Odaseva platform enables Salesforce end-to-end encryption&comma; optimizes Salesforce availability up to 99&period;99&percnt; and delivers among the best-in-the-industry Salesforce Recovery Point and Time Objective &lpar;RPO&sol;RTO&rpar;&period;<&sol;p>&NewLine;<p class&equals;"prntal">&&num;8220&semi;Data sits at the core of large organizations&comma; so we know trust with our customers is more important than ever before&period; We&&num;8217&semi;re proud that Odaseva&&num;8217&semi;s commitment to data security exceeds the requirements of even the most complex&comma; highly regulated businesses in the world&comma;&&num;8221&semi; said Sovan Bin&comma; CEO and Founder of Odaseva&period; &&num;8220&semi;This round of funding will help to accelerate our growth into new markets and keep us at the forefront of innovation in the space&period;&&num;8221&semi;<&sol;p>&NewLine;<p class&equals;"prntal">&&num;8220&semi;The Odaseva team has built a leading data resiliency platform for the Salesforce ecosystem that provides security and continuity solutions for mission critical applications&comma;&&num;8221&semi; said <span class&equals;"xn-person">Shawn O&&num;8217&semi;Neill<&sol;span>&comma; Managing Director and Group Head of Silver Lake Waterman&period; &&num;8220&semi;Sovan and the Odaseva leadership team have a solid track record of building value and trust with global enterprise customers and we are excited to partner with the team and help drive further growth&period;&&num;8221&semi;<&sol;p>&NewLine;<p class&equals;"prntal">The Series C funding will accelerate Odaseva&&num;8217&semi;s leading product development and investment into deepening levels of global reach&comma; including additional resources for <span class&equals;"xn-location">North America<&sol;span>&comma; <span class&equals;"xn-location">Europe<&sol;span> and <span class&equals;"xn-location">Asia Pacific<&sol;span>&period; Odaseva will continue to hire top talent at the executive level&comma; following the recent additions of <span class&equals;"xn-person">Steven Corbin<&sol;span>&comma; Chief Financial &amp&semi; Operating Officer&comma; <span class&equals;"xn-person">Matthew Johnston<&sol;span> as Chief Revenue Officer and <span class&equals;"xn-person">Susan Lansing<&sol;span> as Chief People Officer&period;<&sol;p>&NewLine;