Open Raven Raises $20M in Series B Funding

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Open Raven, a data security management company that helps companies prevent leaks, breaches and compliance incidents, announced last week that it had raised $20 million in Series B funding. round was led by Pelion Ventures with participation from existing investors Kleiner Perkins and Upfront Ventures. This brings Open Raven’s total funding to date to $40 million.

Cole

“I am extremely proud of what our team has accomplished in such a short time. Our platform just works,” Open Raven chief executive Dave Cole said in a statement. “We have tackled head-on and solved one of the biggest security issues, specifically large-scale data classification which also satisfies budget and privacy sensitivities.”

Open Raven will use the funding to invest in engineering, sales and marketing to expand its roadmap and support its portfolio.

“If you are a cloud-focused business and your business depends on data, the first thing you should do is use Open Raven,” Jeff Kearl, partner at Pelion, said in a statement. “They have a level of large-scale visibility and comprehensiveness that other platforms simply can’t provide. Their execution continues to improve through product expansion, customer acquisition and retention. »

This month, Open Raven released new data intelligence features, including structured data classification and a new set of APIs to extract data and trigger analytics. Earlier this year, Open Raven joined the Accelerate Amazon Web Services (AWS) Independent Software Vendor (ISV) program to co-sell with AWS vendors in the field worldwide. The AWS ISV program helps companies like Open Raven develop new business and increase sales by connecting participating independent software vendors (ISVs) to the AWS Sales organization.

“Everything security teams are responsible for, from incident response and risk management to regulatory compliance, requires accurate and deep cloud data intelligence,” said Gary Miller, assistant vice president of security. information at TaskUs, a digital outsourcing company. “The understanding we get from Open Raven of our entire data landscape in AWS helps us make better decisions about how to protect what’s most important to our business.

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