Odaseva
Overview
Odaseva is a leading enterprise data security platform specializing in Salesforce data protection. Founded in 2012 by Sovan Bin, the company is based in San Francisco, California. Odaseva has raised over $90 million in funding, with Silver Lake Waterman, Eight Roads, and F-Prime Capital among its investors. The platform is designed to handle large data volumes and complex data models, providing solutions for data backup, recovery, archiving, and compliance for enterprises running on Salesforce.
Recent Developments
Odaseva has been actively expanding and innovating its offerings.
- October 2024: Odaseva announced multiple product innovations, coinciding with the Dreamforce event. This followed a significant $54 million Series C funding round aimed at enhancing their product and expanding market reach.
- June 2024: The Series C funding was led by Silver Lake Waterman, bringing Odaseva's total funding to over $90 million. The investment supports further growth and developing zero trust and data security products.
- September 2023: Odaseva introduced two new data protection products for Salesforce Government Cloud customers, further extending its product suite tailored for government cloud platforms.
- 2023-2024: The company obtained significant certifications such as HITRUST, TISAX, and IRAP, underlining its commitment to data security.
- Innovations: Odaseva developed new data management and encryption methodologies aimed at improving Salesforce data resilience, including end-to-end encryption services and a 5-minute Recovery Point Objective.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2012 |
| Headquarters | San Francisco, CA, USA |
| Founders | Sovan Bin |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Silver Lake Waterman, F-Prime Capital, Eight Roads |
| Industry | Enterprise Data Security |
| Number of Employees | Approximately 154 |
Early History
Odaseva was founded by Sovan Bin in 2012 to address the growing needs of Salesforce users for enhanced data protection and compliance solutions. The platform was initially conceived as a response to Schneider Electric's requirement for a comprehensive data management solution to safeguard its extensive Salesforce deployment. Sovan Bin leveraged his expertise as a Salesforce Certified Technical Architect to create Odaseva, which quickly became a trusted name in the Salesforce ecosystem.
Company Profile and Achievements
Odaseva operates as a cloud-based data governance platform providing robust data protection solutions for Salesforce users. The company has positioned itself as a leader in enterprise data security by offering services that encompass data backup, recovery, encryption, and compliance with various global regulations like GDPR, HIPAA, and more.
- Global Expansion: By 2023, Odaseva catered to over 100 million users globally, with new data centers established across multiple continents to comply with international data residency laws.
- Product Suite Innovations: Odaseva's offerings include Backup & Restore solutions with industry-best RPO/RTO standards and innovative archiving methodologies that integrate seamlessly with Salesforce's UI.
- Market Recognition: The platform has gained international trust, servicing Fortune 500 companies, and achieving certifications that enhance its credentials in heavily regulated industries.
Current Operations and Market Position
Odaseva continues to lead in the Salesforce data security space by continuously evolving its product offerings to meet the sophisticated needs of global enterprises. The platform's comprehensive services ensure business continuity, regulatory compliance, and high-performance data management. Odaseva's strong market presence is marked by its adherence to zero-trust architecture principles, ensuring sensitive data is always encrypted and secure.
Conclusion
Odaseva has solidified its position as a pivotal player in enterprise data security, especially for those utilizing Salesforce. Its commitment to innovation and excellence in data governance and protection make it a key player in the IT security landscape. With continued focus on expanding its market reach and enhancing product capabilities, Odaseva is poised for future growth and greater impact in data security.