Odaseva, a San Francisco, CA-based enterprise data security platform for Salesforce, raised $54 million in Series C equity financing, bringing its total funding to over $90 million.
Investors
The round was led by Silver Lake Waterman and joined by existing investors like F-Prime, Eight Roads, and Serena Capital, as well as new investors Eurazeo and Crescent Cove.
Silver Lake Waterman, part of Silver Lake, focuses on providing flexible expansion capital to later-stage growth companies in the technology and technology-enabled industries. The firm manages approximately $103 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe, and Asia.
Odaseva Use of Funds
The company will use the funding to support its strategic expansion efforts, including bolstering its product development and increasing its global footprint across North America, Europe, and Asia Pacific.
About Odaseva
Odaseva provides a data security platform specifically designed for Salesforce. It specializes in offering comprehensive solutions for data protection, resilience, and compliance within the Salesforce ecosystem. Its platform features include end-to-end encryption, high availability optimization, and robust recovery capabilities, including Recovery Point Objective (RPO) and Recovery Time Objective (RTO) management. Odaseva's platform is trusted by over 100 million users globally, including numerous Fortune 500 companies.
Funding Details
Company: Odaseva Technologies SAS
Raised: $54.0M
Round: Series C
Funding Month: June 2024
Lead Investors: Silver Lake Waterman
Additional Investors: F-Prime, Eight Roads, Serena Capital, Eurazeo, Crescent Cove
Company Website: https://www.odaseva.com/
Software Category: Data Security
Source: https://www.prnewswire.com/news-releases/odaseva-raises-54m-series-c-round-to-expand-product-offerings-and-continue-category-leadership-302183054.html