Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cloud Security

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.

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.

Related: Web Traffic Security Provider Kasada Raises $10 Million

Related: Humio Raises $20 Million in Series B Funding

Related: SentinelOne Achieves Unicorn Status After $200 Million Funding Round

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this webinar to learn best practices that organizations can use to improve both their resilience to new threats and their response times to incidents.

Register

Join this live webinar as we explore the potential security threats that can arise when third parties are granted access to a sensitive data or systems.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Data Protection

The CRYSTALS-Kyber public-key encryption and key encapsulation mechanism recommended by NIST for post-quantum cryptography has been broken using AI combined with side channel attacks.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Data Protection

The cryptopocalypse is the point at which quantum computing becomes powerful enough to use Shor’s algorithm to crack PKI encryption.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Funding/M&A

More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Cloud Security

Microsoft and Proofpoint are warning organizations that use cloud services about a recent consent phishing attack that abused Microsoft’s ‘verified publisher’ status.

Funding/M&A

Forty cybersecurity-related M&A deals were announced in January 2023.