Osano, a prominent data privacy platform, has recently announced the successful completion of a Series B funding round, raising $25 million. The funding round was led by Baird Capital, with participation from other notable firms including Jump Capital, LiveOak Venture Partners, Next Coast Ventures, TDF Ventures, and First Ascent Ventures. As part of the funding deal, Mark Donnelly, Partner at Baird Capital, will join Osano’s Board, and Katharine Tomko, Partner at First Ascent Ventures and former Facebook Head of Privacy Programs, will serve as a Board Observer.
The new funding injection will enable Osano to further advance its mission of simplifying privacy compliance and becoming the premier Data Privacy platform. The company plans to allocate the funds towards expanding various departments within Osano, such as engineering, product development, and sales. Additionally, Osano intends to invest more in research and development while also building a channel program to expand its product suite and proactively meet the needs of its customers.
The importance of privacy protection has been highlighted by a recent survey, which revealed that over two-thirds of global consumers are either very or somewhat concerned about their privacy online. With Osano, businesses are able to act as responsible guardians of consumer privacy by ensuring automated and simplified compliance processes that guarantee consumer consent. As organizations expand their operations worldwide, they must navigate evolving regulations, laws, and standards in order to maintain compliance. Osano provides business leaders with peace of mind, assuring them that their data privacy and compliance programs are up to par, thereby freeing up resources to focus on compliance tasks that cannot be automated.
Arlo Gilbert, co-founder and CEO of Osano, expressed his delight at the success of the funding round and reaffirmed the company’s commitment to its core values. Gilbert stated, “At Osano’s inception, we had a singular focus: revolutionizing data privacy and compliance while growing responsibly, and this raise is a testament to that focus. Our team eats, sleeps, and breathes data privacy.” He emphasized that the new funds will enable Osano to double down on its efforts, ensuring that the company remains at the forefront of the constantly changing landscape of laws and regulations governing data privacy.
With the new capital infusion, Osano intends to expand its engineering resources to further innovate in the field of data privacy. The sales and marketing teams will also be a priority, as Osano seeks to expand its presence in the enterprise market.
Mark Donnelly, Partner at Baird Capital, praised Osano for its clear vision and goal, stating, “Since its inception, the company has remained entirely focused on building an enterprise data privacy platform to automate and ensure compliance in a rapidly changing regulatory environment. I look forward to watching Osano grow and continue to contribute to this fast-growing sector.”
Katharine Tomko, Partner at First Ascent Ventures, who has extensive experience in the online privacy industry, highlighted the ever-increasing challenges of managing privacy programs and the need for organizations to prioritize data privacy. Tomko commended Osano as a must-have solution for enterprises committed to doing the right thing, ensuring regulatory compliance, and empowering privacy teams to streamline operations.
Osano has established itself as a key player in the data privacy industry, experiencing triple-digit growth in its customer base and a 126% increase in platform utilization over the past year. The company has also made significant strides in developing innovative solutions. It recently introduced a Privacy Program Maturity Model to assist privacy leaders in identifying growth opportunities, as well as a Data Mapping product and Vendor Discovery feature, both of which simplify the process of managing personal information within organizations. Osano’s commitment to excellence has been recognized with workplace awards and G2 recognition, further highlighting the demand for privacy-driven solutions in today’s complex data-driven environments.
For more information about Osano and its recent funding round, visit www.osano.com.
About Osano:
Osano, founded in Austin, Texas in 2018, is a leading data privacy platform that helps organizations simplify privacy compliance and build, manage, and scale their privacy programs. The remote-based company offers consent management, data subject rights requests, privacy assessments, and vendor monitoring, all in one convenient location. Osano is recognized as a leader in consent management and a momentum leader in data privacy management by G2. The company has also been acknowledged as a Best Place to Work for 2023. Learn more about how Osano can simplify data privacy at https://osano.com.