- Osano provides a data privacy suite aiding businesses in EU GDPR and California CCPA compliance.
- With Osano, leaders ensure data privacy, compliance, and resource allocation for critical tasks.
Osano Inc., a startup company developing privacy management software, recently announced that it had raised USD 25 million in fresh funding to grow its staff and endeavor to streamline privacy compliance and become the foremost data privacy platform.
Established in 2018, Osano offers a data privacy compliance suite aiding businesses in conforming to data regulations such as the European Union’s General Data Protection Regulation and California’s Consumer Privacy Act.
The suite aims to simplify privacy adherence by aiding organizations in crafting, overseeing, and expanding their privacy programs to enhance trust and uphold compliance. With automated, streamlined compliance ensuring consumer consent, Osano maintains that users of its suite can act as guardians of consumer privacy.
The company argues that as businesses grow internationally, new rules, laws, and standards have specific requirements that must be met to remain compliant. Osano assures business leaders that their data privacy and compliance initiatives meet the required standards. It ensures efficient resource allocation towards non-automatable compliance tasks.
Co-founder and Chief Executive Officer of Osano, Arlo Gilbert, said, “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.”
Osano has experienced rapid growth, with its customer base growing by triple digits and platform usage rising by 126% in the past year. The business also introduced its Osano Privacy Maturity Model and a brand-new data mapping product in July.
Osano plans to expand its engineering staff as well as its sales and marketing teams with the new funding in order to increase its market share in the enterprise sector.
The Series B round was led by Baird Capital LLC, with participation from Jump Capital LLC, LiveOak Venture Partners LP, Next Coast Ventures LLC, TDF Ventures LP, and First Ascent Ventures LLC. Osano has now raised USD 44.4 million total, including the new funding, according to information from Crunchbase.