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Data Security Company Open Raven Raises $15 Million

Cloud native data security platform Open Raven this week announced that it has closed a $15 million Series A funding, which brings the total raised to date to $19.1 million.

The company, which emerged from stealth in February 2020, plans to use the new investment to expand engineering, customer support, sales and marketing.

Based in Los Angeles, the 2019-founded startup provides customers with data security tools to help increase visibility and protection. The company’s platform delivers real-time data leak monitoring, enabling organizations to address exposures before they turn into security incidents.

Verizon’s 2020 Data Breach Investigations Report revealed that misconfigurations represent a prevalent and fast rising threat, and the data security provider believes it is well placed to help organizations prevent configuration errors.

Open Raven aims to tackle the migration of databases to the cloud, through identifying at-risk and unknown data, and showing every AWS account and asset on a global 3D map, so that security teams can prevent data-related problems.

The company’s platform has been deployed at organizations in the automotive, gaming, financial technology, and software sectors.

“The transition to the cloud and out of physical data centers means that data stores change more quickly than ever before – leaving numerous unanswered questions,” said Dave Cole, co-founder and CEO of Open Raven. “We’re giving organizations the ability to take charge of their data and explore their environments from any angle in order to truly understand their risk of cloud data breaches.”

The funding round was led by Kleiner Perkins but also saw participation from existing investors, such as Upfront Ventures. Bucky Moore, partner at Kleiner Perkins, joined Open Raven’s board of directors.

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