Odaseva, a prominent enterprise data security platform for Salesforce, recently made headlines with its announcement of a $54 million Series C equity financing round. This funding, led by Silver Lake Waterman, along with contributions from existing investors F-Prime, Eight Roads, and Serena Capital, as well as new investors Eurazeo and Crescent Cove, brings Odaseva’s total company funding to more than $90 million. The influx of capital comes on the heels of significant new customer acquisitions across various industries and regions, paving the way for continued growth and expansion, especially in the realm of data security and Zero Trust product offerings.

Enterprises worldwide are increasingly embracing digital transformation, digitizing critical processes and assets that house sensitive data. This trend is further fueled by advancements in AI technology and the ever-evolving landscape of compliance standards. Odaseva has emerged as a trusted partner for organizations seeking to secure their Salesforce data, catering to over 100 million users globally, including a growing number of Global Fortune 500 companies. The platform’s robust capabilities include end-to-end encryption, optimization of Salesforce availability up to 99.99%, and industry-leading Salesforce Recovery Point and Time Objective (RPO/RTO) metrics.

Sovan Bin, CEO and Founder of Odaseva, emphasized the paramount importance of data security in today’s business landscape and highlighted the company’s unwavering commitment to exceeding the stringent requirements of highly regulated industries. The successful funding round is expected to fuel Odaseva’s expansion into new markets and reinforce its position as an innovator in the data security domain.

Notable industry figures, including Shawn O’Neill, Managing Director and Group Head of Silver Lake Waterman, commended Odaseva for its cutting-edge data resiliency platform tailored for Salesforce ecosystems. The partnership between Silver Lake Waterman and Odaseva is poised to drive further growth and deliver enhanced security and continuity solutions for mission-critical applications.

Looking ahead, the Series C funding will enable Odaseva to accelerate its product development initiatives and deepen its global footprint, with a focus on bolstering operations in North America, Europe, and Asia Pacific. The company is actively recruiting top talent at the executive level, as evidenced by recent additions such as Steven Corbin, Chief Financial & Operating Officer, Matthew Johnston as Chief Revenue Officer, and Susan Lansing as Chief People Officer.

Odaseva’s reputation as a leading data security provider for Salesforce users, particularly within the realm of enterprise-level operations, underscores its pivotal role in upholding data confidentiality and integrity for global Fortune 500 enterprises. By leveraging the Odaseva Enterprise Data Security Platform, organizations can fortify their defenses against data threats, ensure seamless business continuity, and stay compliant with regulatory mandates.

With a focus on navigating the intricate landscape of data security, Odaseva remains dedicated to empowering enterprises with the tools and resources needed to adapt to evolving regulatory standards while maintaining uninterrupted operations. To learn more about Odaseva’s comprehensive data security solutions, visit www.odaseva.com.

Additionally, Silver Lake Waterman, as a division of Silver Lake—a prominent technology investment firm with a strong global presence and a vast portfolio of assets under management—stands out for its commitment to providing flexible expansion capital to growth-stage technology companies. For more information about Silver Lake Waterman and Silver Lake, please visit www.silverlake.com.

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