Odaseva Triples Y/Y Growth Thanks to GDPR and CCPA

Odaseva, the unified cloud data protection, compliance and operations platform for enterprises running Salesforce as a business-critical application, has seen triple Y/Y growth, and after 7 years of operation, supports a staggering one trillion Salesforce records, with over 10 million enterprise internal Salesforce customers.

Firm’s growth is in part due to the influx of new data privacy and governance laws such as GDPR or CCPA, demanding that businesses put in place specific regulations such as Data Subject Rights (which stipulates that consumers have the right to access their own private information) and leverage more robust data governance solutions to shield and manage private customer information.

The company, which began in 2012 with one client, Schneider Electric, has increased its enterprise customer base including Toyota France, Robert Half International and General Electric Company, offering organizations the ability to augment their existing cloud data protection solutions.

“Comprehensive compliance automation and data protection are essential for organizations coping with increasingly complex and costly privacy regulations as varied as HIPAA, GDPR, CCPA and PIPEDA,” says Sovan Bin, founder and CEO. “As confidential personal data is often distributed across multiple clouds, as well as on-premises data centers, our goal at Odaseva has been to introduce consistency in how audit information is gathered and presented as well as preserved, in order to provide a measure of relief for businesses striving to comply with multiple regulations. No other technology vendor today can offer such a unified cloud data governance suite for Salesforce as Odaseva.”

Recent Investments and Increased Headcount
In 2019, Odaseva raised $11.7million in series A funding round, which brought the total funding to $14 million. The round was led by Partech with participation from new investor Salesforce Ventures and existing investor Serena. These new investments have allowed Odaseva to direct a portion of the new funding to build on existing sales and technology partnerships with Accenture, Capgemini, CGI, and Deloitte.

In addition, the company has doubled their headcount in the past 6 months with new hires including a new chief legal officer and a VP of customer and partner success.

Located in San Francisco, CA, and Paris, France, it continues to recruit in both locations and is looking to expand its operations.

Added New Products to Portfolio Line-up:
The hallmark of Odaseva’s solution lies in its compliance automation tools such as GDPR for Salesforce which allows the enterprise to automate a range of data procedures from backup to archival, audit, and more in order to comply with industry regulations.

In 2019, the vendor announced several new tools to complete their portfolio:
• Cockpit AI: With ML capabilities, it offers the first predictive capacity management system to help enterprise Salesforce users maximize the value of the platform by automating the process of monitoring and forecasting the use of platform allocations – such as file storage, storage and API calls on Salesforce
• Vault: Works with the firm’s platform to help users automatically archive sensitive data that organizations are required to keep for long periods of time in regulated industries such as financial services, healthcare and insurance. Not only will the information be kept safe from any unauthorized users, but Odaseva ensures a data durability level of 99.999999999% over a given year.
• Full Sandbox Anonymization application (FSA) for Salesforce customers. The application works with the firm’s platform to anonymize all personal information that an organization may put in a Salesforce Full Sandbox – which is an isolated copy of an organization’s Salesforce environment that can be used for training, development and testing.