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OneTrust, the heavily funded data privacy, governance, and compliance company, has acquired DocuVision, an AI-powered platform used to find and redact sensitive data in large volumes of documents and emails. Terms of the deal were not disclosed.
The acquisition represents the first notable activity from Atlanta, Georgia-based OneTrust since its recent $300 million raise, which valued the company at more than $5 billion.
Businesses have fallen under increasing scrutiny and pressure to comply with a growing array of data privacy regulations, including GDPR in Europe and CCPA in California, while any enterprise wishing to be taken seriously by