Open Raven Raises $20 Million in Series B  

by Kay Aloha Villamor in September 9th, 2022

Open Raven, a Los Angeles, CA-based data security posture management company helping enterprises prevent leaks, breaches, and compliance incidents, announced that it raised $20 million in Series B funding. 

The round was led by Pelion Ventures, with participation from existing investors Kleiner Perkins and Upfront Ventures, bringing Open Raven’s total funding to date to $40 million. 

New and existing independent investors, including Mike Stoppelman and leadership from Google Cloud and Amazon Web Services, participated in the round as well. 

With the new funding, Open Raven is making additional investments in engineering, sales, and marketing to accelerate its roadmap and expand support for its increasing portfolio of large enterprises. 

This month, Open Raven released new data intelligence capabilities, including structured data classification and a new set of APIs for both pulling data and triggering scans. Also, earlier this year, Open Raven joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program to co-sell with AWS field sellers globally.

Jeff Kearl, Partner at Pelion, joined Open Raven's Board of Directors along with Seksom Suriyapa from Upfront Ventures. 

Company: Open Raven, Inc. 

Raised: $20.0M

Round: Series B

Funding Month: September 2022

Lead Investors: Pelion Ventures

Additional Investors: Kleiner Perkins, Upfront Ventures, and Mike Stoppelman

Company Website: https://www.openraven.com/

Software Category: Data Security Posture Management

About the Company: Founded in 2019, Open Raven is a data security posture management company that prevents leaks, breaches, and compliance incidents. For security teams with modern cloud infrastructures to locate and secure sensitive, toxic, and exposed data within hundreds or thousands of accounts, billions of objects, and petabytes of data, existing tools don’t work. The Open Raven Data Security Platform is the secure, private, budget-safe solution that closes data visibility gaps—and just works.

Source: https://www.openraven.com/press-releases/open-raven-raises-20m-in-series-b-from-pelion-ventures-kleiner-perkins-and-upfront-ventures




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