Open Raven raised $20 million in Series B funding. The 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. Pelion partner Jeff Kearl joined the Open Raven board along with Upfront Ventures’ Seksom Suriyapa.
“If you’re a cloud-first business and your business depends on data, the first thing to do is use Open Raven,” said Jeff Kearl.
“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,” continued Kearl.
“Everything that security teams are responsible for, from incident response and risk management to regulatory compliance, requires accurate and deep cloud data intelligence,” said Gary Miller, vice president of security at information at TaskUs.
“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,” Miller said.
With this new funding, Open Raven is making additional investments in engineering, sales and marketing to accelerate its roadmap and expand support for its growing portfolio of large enterprises.
Already 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.
Additionally, 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.
“I am extremely proud of what our team has accomplished in such a short time. Our platform just works,” said Dave Cole, CEO of Open Raven.
“We tackled head-on and solved one of the biggest security issues, specifically large-scale data classification which also satisfies budget and privacy sensitivities,” Cole continued.