Odaseva, a San Francisco-based leader in enterprise data security solutions for Salesforce, has achieved a significant milestone with the successful closure of a $54 million Series C funding round. This latest investment, led by Silver Lake Waterman and bolstered by participation from Crescent Cove, Eurazeo, and existing investors Eight Roads, F-Prime, and Serena Capital, catapults Odaseva’s total funding to over $90 million. Established in 2012, Odaseva has carved out a niche by specializing in simplifying data protection, automating critical data processes, and ensuring stringent compliance standards for organizations leveraging Salesforce across the globe.
At its core, Odaseva provides comprehensive solutions including end-to-end encryption, robust recovery mechanisms, and tools to optimize Salesforce performance. These offerings are particularly crucial for Fortune 500 companies, where Odaseva secures data for more than 100 million users worldwide. The Series C funding infusion is set to turbocharge Odaseva’s growth trajectory, earmarking resources for accelerated product development initiatives. Key focus areas include advancing data security frameworks and expanding zero trust solutions to fortify its position in the competitive enterprise security landscape.
CEO Sovan Bin underscored Odaseva’s unwavering commitment to surpassing the rigorous data security demands prevalent in highly regulated industries. Emphasizing innovation and customer trust as cornerstones of their strategy, Bin highlighted the strategic allocation of funds to bolster global expansion efforts. Specifically, Odaseva plans to enhance its presence across North America, Europe, and the Asia Pacific region, reinforcing its capabilities to support enterprise clients in safeguarding sensitive data amidst evolving cybersecurity threats.
The funding round not only reflects investor confidence in Odaseva’s technological prowess but also signifies a pivotal moment in its evolution within the Salesforce ecosystem. As organizations increasingly prioritize robust data protection frameworks, Odaseva remains poised to empower clients with cutting-edge solutions that mitigate risks, enhance operational efficiency, and ensure compliance adherence. With a strengthened executive team and a clear roadmap for innovation, Odaseva aims to redefine the standards of data security excellence while continuing to serve as a trusted partner for global enterprises navigating the complexities of digital transformation.
