Security News > 2020 > October > Onapsis Raises $55 Million in Series D Funding Round
Onapsis, a Boston-based company that provides cybersecurity and compliance solutions for mission-critical applications, announced on Tuesday that it has raised $55 million in a Series D funding round.
The company on Tuesday also announced support for Salesforce and SuccessFactors, and that it has launched an early access program for the Onapsis Platform for Salesforce and the Onapsis Platform for SuccessFactors.
Onapsis says it will use the newly raised money to "Significantly scale the company through rapid expansion into the mission-critical SaaS applications market, starting with protection and compliance for Salesforce and SuccessFactors applications."
Onapsis claims its annual recurring revenue has increased by over 145%, and says it has a 98% customer retention rate.
The company says 300 major brands are using its solutions, including 20% of the Fortune 100 companies.