Open Raven, a business that specialises in data security, has pulled in $20m from a Series B round headed by Pelion Venture Partners.
Also taking part in the round was Kleiner Perkins and Upfront Ventures. Following this round, Open Raven has raised a total of $40m since inception.
Established in 2019, Open Raven claims it is the modern data security platform that brings visibility and control to an organisation’s data protection program.
From mapping data stores in clouds and corporate networks to identifying the data within, Open Raven claims it lays the foundation for assessing and managing data risk.
The Los Angeles-based firm emerged from stealth back in February 2020 in order to provide data security tools designed to prevent leaks, breaches and compliance issues.
Open Raven plans to use the new funding to expand its engineering, sales and marketing operations to speed up its roadmap and support the large organisations.
Following the close of the deal, existing Drawbridge backer Long Ridge and Drawbridge’s leadership team will remain significant equity holders in the company.
The fresh capital will help Drawbridge expand its services and boost product development.
Founded in 2018, the CyberTech company has established an all-in-one platform that allows financial services firms to rapidly deploy, manage and optimise a holistic cybersecurity platform.
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