OneTrust hauls in another $150M on a $4.5B down round valuation

OneTrust has been raising money by the bushel since it was founded in 2016, raising a $200 million Series A in July 2019, a $210 million Series B in February 2020, and a $300 million Series C in December 2020. Those rounds came with valuations of $1.3 billion, $2.7 billion and $5.1 billion, respectively. Clearly, those were different times when it came to handing out big checks with gaudy valuations.
Today, the company announced it raised $150 million on a valuation of $4.5 billion, a half-billion shave and a haircut for the company, which seems modest, given how valuations have been trimmed i

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