Odaseva, a San Francisco, CA-based provider of enterprise data security solutions for Salesforce, has raised $54 million in Series C funding. This round brings the company’s total funding to $90 million.
Investors and Funding Utilization
The Series C round was led by Silver Lake Waterman, with participation from existing investors F-Prime, Eight Roads, and Serena Capital, along with new investors Eurazeo and Crescent Cove. Odaseva plans to use the funds to support further growth, with a particular focus on enhancing data security and expanding Zero Trust product offerings.
Company Overview
Founded and led by CEO Sovan Bin, Odaseva provides a robust data security solution tailored for enterprises running on Salesforce. The platform ensures the confidentiality and integrity of critical business information, offering defense against threats to Salesforce data, business continuity assurance, and regulatory compliance. Odaseva’s solutions are designed to address the unique challenges faced by large-scale global organizations.
Recent Developments
Odaseva has recently strengthened its executive team with the addition of Steven Corbin as Chief Financial & Operating Officer, Matthew Johnston as Chief Revenue Officer, and Susan Lansing as Chief People Officer. These strategic hires aim to bolster the company’s operational capabilities and drive its growth trajectory.
CEO’s Vision
Sovan Bin, CEO of Odaseva, has emphasized the company’s commitment to providing top-tier data security solutions for Salesforce enterprises. The new funding will enable Odaseva to further innovate and enhance its platform, ensuring that it continues to meet the evolving needs of global Fortune 500 companies.
Market Impact
As enterprises increasingly rely on Salesforce for their critical business operations, the need for robust data security solutions has never been more pressing. Odaseva’s platform is uniquely positioned to address this demand, providing enterprises with the tools they need to protect their data, ensure business continuity, and comply with stringent regulatory requirements.
What we think
Odaseva’s successful Series C funding round underscores the growing importance of data security in the enterprise sector. With the support of its investors and an experienced executive team, Odaseva is well-equipped to continue its mission of safeguarding Salesforce data for large-scale organizations around the world.
