Tech vendor investments spring as GDPR fines emerge

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It is no coincidence that OneTrust’s announcement of a $200 million Series A investment, which values the 2016-founded privacy tech vendor at $1.3 billion, came on the heels of the U.K. Information Commissioner’s notice of intent to fine Marriott International and British Airways $130 million and $230 million respectively under the EU General Data Protection Regulation, IAPP Vice President and Chief Knowledge Officer Omer Tene writes. OneTrust is not the only privacy tech vendor to receive a recent surge of funding, as TrustArc, Privitar, BigID and WireWheel have all caught the attention of venture capitalists. In this post for Privacy Tech, Tene takes a look at this new landscape of privacy technology as organizations look for ways to handle the enforcement era of the GDPR.
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July 12, 2019