Source: Business Insider
Data security startup OneTrust announced its $210 million Series B on Thursday. Insight Partners and Coatue Management led the round, which valued the nearly 4-year-old startup at $2.7 billion. It comes less than a year after OneTrust raised a $200 million Series A as its first outside funding round in July. OneTrust CTO Blake Brannon said that, although the company wasn’t looking to fundraise, customer demand spiked after California’s landmark privacy legislation went into effect in January. One of the thornier aspects of data privacy has less to do with fines and regulations, but whether or not companies are making ethical decisions in regards to how they use the data they collect, Brannon said. Click here for more BI Prime stories . Data is eating the world, and shoring up its protection has ballooned into a huge market opportunity. Fresh off a $200 million Series A in July, data security startup OneTrust is back with an additional $210 million to help companies navigate the new privacy-conscious world order.